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Intel Corporation (NASDAQ:INTC) was one of the stocks on Jim Cramer’s recent Mad Money game plan. While Cramer noted that the “execution here is incredible,” he said the market reacted poorly when the company last reported.

Perhaps the most important quarter of the week comes Thursday evening when we get results from Intel. Now, the one-time semi-king is embarking on one of the most successful turnarounds in the history of any industry I’ve ever seen. CEO Lip-Bu Tan has done a remarkable job capturing both CPU business and high-end semi packaging. The execution here is incredible, but last time it reported, the Street greeted it poorly. I wouldn’t put it past the market to do the same thing again. Don’t buy it until you see the quarter, okay, and then you can pick some up.

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Intel Corporation (NASDAQ:INTC) designs and manufactures processors, chips, memory, and related hardware. Additionally, it provides software, optimization solutions, and AI-enabled platforms. Discussing the stocks leading the market higher on April 1, Cramer said:

The second group of stocks leading us higher are the fiber optic plays that help transport data within the data center. Now, we’re talking about Lumentum, and Coherent, and Ciena; they’re all part of the data center plumbing. NVIDIA has put $2 billion each into Lumentum and Coherent, cementing the relationships. Good investments. Again, not a lot of companies in the fiber networking connect business. Semiconductors and companies related to them are always on the biggest gainers’ list.

This time, it’s Intel that’s leading because the company’s buying back part of an Irish facility it sold to private equity when it really needed money. So, see, it’s a sign of strength that they’re buying it back. Intel’s balance sheet after teetering for so long is now rock solid. Then, Teradyne squeezed in the top gainers’ list. That’s all about semiconductor test and measurement equipment. Again, narrow, narrow, narrow.

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