Cramer's Trust Buys 280 Intel Shares as Agentic AI Lifts CPU Demand
Updated
Updated · CNBC · Jun 16
Cramer's Trust Buys 280 Intel Shares as Agentic AI Lifts CPU Demand
3 articles · Updated · CNBC · Jun 16
Summary
Jim Cramer's Charitable Trust said it will buy 280 Intel shares at about $125.38, lifting its holding to 780 shares and the position to 2.5% of the portfolio from 1.6%.
The added bet reflects expectations for further upside from stronger data-center CPU demand, with agentic AI shifting AI server racks from roughly one CPU per eight GPUs toward one per four.
Intel shares have already rallied $13 since the trust opened the position two weeks ago, and the trust also added shares on June 5 at $101.80.
The bullish case also leans on Intel's foundry business, which the trust sees benefiting as customers seek alternatives to capacity-constrained TSMC.
A longer-term catalyst is Intel's 14A process, which has a commitment from Elon Musk's $119 billion Terafab project in Austin and is expected to reach volume production in 2029.