Jim Cramer talked about the semiconductor space and what investors should be looking at when Intel reports earnings after the bell Thursday, Jan. 24.
Intel INTC is Real Money's stock of the day.
Kevin Curran is
Market optimism is building into Intel Corp.'s earnings release after the close on Thursday.
Shares of the Santa Clara, California-based semiconductor company was up about 2% after Thursday's opening bell as signals are suggesting chipmakers finally may have found a bottom after better-than-expected reports and management commentary from Texas Instruments Inc. (TXN) - Get Report , Lam Research Corp. (LRCX) - Get Report and Xilinx Inc. (XLNX) - Get Report .
Analysts highlighted the idea that the bottom may be building after the more dovish reports.
"Lam Research reported 2Q19 (December) earnings results ahead of expectations and, more importantly, provided a near-term outlook that allayed some of the worst-case scenario fears," Stifel analyst Patrick Ho wrote. "While the outlook came in below what we believe a bottom in WFE may be in 2019, we also believe this was a conservative take by management and at this point, likely leaves more opportunity for upside than downside going forward."