We're buying the dip in our newest chip stock, getting a better price on a great name
We initiated a position Wednesday, highlighting its central processing unit business and its foothold in manufacturing.
We’re buying the dip in our newest chip stock, getting a better price on a great name Jim Cramer’s Charitable Trust is purchasing an additional 100 shares of Intel, increasing its portfolio weighting. The trust sees Intel’s CPU business as well-positioned for the Agentic AI era and its chip manufacturing capabilities as having significant potential. The purchase is made at a time when Intel’s stock has declined, presenting what the trust views as an attractive entry point.
- Jim Cramer’s Charitable Trust bought 100 shares of Intel at approximately $103 each.
- The trust’s total ownership of Intel (INTC) increases to 500 shares, representing 1.3% of the portfolio.
- The purchase occurs during a semiconductor selloff, with Intel stock down about 20% from its recent high.
- Intel’s CPU business is considered well-positioned for the Agentic AI era.
- The company’s chip manufacturing business is seen as having potential due to companies seeking alternative sources.
- Intel has an opportunity to gain new foundry customers as Taiwan Semi operates near full capacity.
- Improvements have been noted under CEO Lip-Bu Tan.
- Trade alerts are sent 45 minutes before trades are executed by Jim Cramer, with a 72-hour wait if the stock has been discussed on CNBC TV.
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