Cramer's Charitable Trust Buys 100 Intel Shares at $103 as Stock Slides 8%
Updated
Updated · CNBC · Jun 5
Cramer's Charitable Trust Buys 100 Intel Shares at $103 as Stock Slides 8%
2 articles · Updated · CNBC · Jun 5
Summary
100 Intel shares were added at roughly $103 each, lifting Jim Cramer's Charitable Trust's stake to 500 shares and raising the position to 1.3% of the portfolio from 1.06%.
Intel fell 8% in a sharp semiconductor selloff, with the Nasdaq down more than 2.5% and the S&P 500 off over 1.5%, leaving the stock about 20% below its May 11 close above $129.
The Trust had initiated the Intel position on Wednesday, arguing its CPU business is well placed for an Agentic AI buildout as data-center rack designs move toward a 1-to-1 CPU-to-GPU ratio.
It also sees upside in Intel's foundry business under CEO Lip-Bu Tan, betting customers seeking alternatives to capacity-constrained Taiwan Semi could bring new manufacturing and packaging demand.