Jim Cramer's Trust Buys 400 Intel Shares at $114 on 12% Pullback
Updated
Updated · CNBC · Jun 3
Jim Cramer's Trust Buys 400 Intel Shares at $114 on 12% Pullback
1 articles · Updated · CNBC · Jun 3
Summary
$114 is the trust’s entry price for 400 Intel shares, creating a new position worth about 1.10% of the portfolio after a five-session slide from $123.52 to $107.93.
The buy thesis centers on rising data-center CPU demand as AI shifts from training to inference and agentic workloads, with Intel arguing CPU-to-GPU ratios have improved from 1:8 toward 1:4 and could reach parity.
Intel’s foundry business is the second driver, as tight advanced-chip capacity at TSMC boosts demand for alternatives and management says customer interest has improved after 18A process gains under CEO Lip-Bu Tan.
Recent signs of that momentum include a reported preliminary Apple chip deal and Intel’s role in Elon Musk’s $119 billion Terafab project, which is expected to use Intel’s future 14A node.
The trust funded the purchase with cash from Tuesday sales of Broadcom, Corning and Wells Fargo, and set a $140 price target on Intel.