Cramer's Charitable Trust Buys 100 More Intel Shares as Stake Rises to 3%
Updated
Updated · CNBC · Jul 15
Cramer's Charitable Trust Buys 100 More Intel Shares as Stake Rises to 3%
3 articles · Updated · CNBC · Jul 15
Summary
100 Intel shares will be added shortly after the open at about $110 each, lifting Jim Cramer's Charitable Trust to 1,100 shares and raising Intel's portfolio weight to roughly 3% from 2.7%.
ASML's earnings helped drive the move: the chip-equipment maker said Intel Foundry is using its High NA EUV machines on the 18A node for some Intel Core Ultra Series 3 AI PC processors.
That equipment is costly, and Intel's willingness to deploy it signals expanding foundry capacity and improving yields for leading-edge chips, reinforcing Cramer's bullish view after another Intel buy on Monday.
68% June sales growth at Taiwan Semi, ASML's plan to expand 2028 capacity, and IBM's warning that customers favor server, storage and memory spending all pointed to still-strong AI capital spending.