Jim Cramer's Club Buys Intel After 12% Drop as Oil Tops $95 and AI CPU Demand Builds
Updated
Updated · CNBC · Jun 3
Jim Cramer's Club Buys Intel After 12% Drop as Oil Tops $95 and AI CPU Demand Builds
2 articles · Updated · CNBC · Jun 3
Summary
Intel became a new buy for Jim Cramer's Investing Club on Wednesday, with the team saying CPU demand should rise as AI workloads shift from training toward inference and agentic computing.
Oil above $95 a barrel after renewed U.S.-Iran airstrikes pressured stocks, lifted yields and hit financials, while Cramer said investors should start small in Intel rather than chase the shares.
Broadcom remained a favored AI chip name even after the Club took some profits at a record high, with its earnings due later Wednesday needing to show another beat and higher guidance.
Palo Alto Networks fell more than 2% despite a beat-and-raise quarter, and CrowdStrike dropped more than 4% ahead of results, though Cramer said AI-driven cyber threats are still fueling demand.
The Intel move follows an earlier plan to buy 400 shares around $114, giving the new position about a 1.10% weighting in the charitable trust.