Intel (NASDAQ: INTC) (Cramer's Take) still has it. It has the ability to galvanize like no other stock on the Nasdaq. It can energize and fulfill and make people feel all is right in the world.
The signs for this one were everywhere. Samsung last week saying that it is the new bull market in semis. Taiwan Semi (NYSE: TSM) (Cramer's Take) saying it. Advanced Micro Devices (NYSE: AMD) (Cramer's Take) saying it. SanDisk (NASDAQ: SNDK) (Cramer's Take), with its flash memory cards, saying it. Texas Instruments (NYSE: TXN) (Cramer's Take) saying it. Analog Devices (NYSE: ADI) (Cramer's Take) saying it. Qualcomm (NASDAQ: QCOM) (Cramer's Take) saying it.
But nobody was listening.
Now that Intel has spoken with the revenue line, all is right in the world.
Here's what you need to think about: A week ago we were in full-blown despair mode. We had decided that nothing tech was working. We decided that the easiest trade in the world was on the short side, except for -- and you must give him his due -- RealMoney Silver contributor Doug Kass, who was crowing that he had never seen as crowded a trade as the short PowerShares QQQ (NASDAQ: QQQQ) (Cramer's Take), once again paying for a lifetime subscription.
And now look at things.
Look at them.
Don't forget these moves. They are real, not chimerical. They are happening, and they could have been gamed, given the plethora of companies that told you that things were better, right down to the end when Dell (NASDAQ: DELL) (Cramer's Take) said it had to pay too much for chips.
We get confused sometimes and decide that stocks can never be owned.
That was last week.
Now we see why we own them.
Intel.
Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer was long Qualcomm.
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