Intel Corporation (NASDAQ:INTC), over the past year, has remained one of Cramer's favorite stocks. Photo from Intel Corp websiteIntel Corporation (NASDAQ:INTC)'s foundry business and its plans to expand its US manufacturing footprint are also at the center of the debate for the firm. As part of its second-quarter earnings release, Intel Corporation (NASDAQ:INTC) raised its capital expenditure guidance to over $20 billion for 2026. The bears are worried that while the firm's own chips are selling well, to ensure the success of its foundry business, it will have to gain major orders from firms such as Apple and NVIDIA in order to recover the investment in its foundry business. Another worrying factor is Intel Corporation (NASDAQ:INTC)'s high debt load, with total debt crossing $50 billion in Q2 potentially affecting free cash flow unless margins remain robust and grow.