NEW YORK (TheStreet) -- "I wanted to slit my wrists when I listened to [Intel CFO] Stacy Smith," on Intel's 2015 fourth quarter earnings conference call, TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning.

Intel(INTC) - Get Report stock is plunging 8.23% to $30.05 on heavy trading volume this morning as Intel's downbeat conference call and lower-than-expected revenue growth within its data center business overshadow the company's largely positive fourth quarter.

Intel expects weakness within its enterprise, telecommunications and personal computer segments, Cramer pointed out, adding that Intel is "so much more negative than I am on PCs."

As Cramer read through the text of the conference call, he wondered if Intel had reached its "peak quarter."

He hopes this isn't true and that, instead, Smith was erring on the side of being too conservative on the conference call.

"This quarter was a good quarter," Cramer stated. "It could've had a totally different coloration."

Intel beat analysts' expectations for both earnings and revenue for the most recent quarter.

Following Intel's comments, Microsoft (MSFT) stock will likely be taken down, Cramer mentioned. He believes that Microsoft stock is "the one to watch," as he doesn't expect the company to have a disappointing fiscal 2016 second quarter. 

Microsoft shares are down 2.81% to $51.62 this morning.

"There's always an opportunity in days like today," Cramer noted. 

Separately, TheStreet Ratings team rates Intel as a "buy" with a ratings score of A.

The company's strengths such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, notable return on equity and expanding profit margins outweigh the stock's lackluster performance.

You can view the full analysis from the report here: INTC

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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