We're buying more shares of Jim Cramer's new favorite chip stock
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- Jim Cramer's Charitable Trust is buying 120 shares of Intel at ~$124 each at the open, bringing total INTC holdings to 900 shares and lifting the portfolio weighting from 2.35% to 2.7%.
- Intel shares fell roughly 14% in back-to-back losses last Wednesday and Thursday as investors took profits across many of this year's leading chip stocks.
- Meta's reported plans to sell excess AI compute capacity fueled fears the AI capex cycle is peaking—concerns the trust dismisses.
- Intel confirmed on Friday it is raising prices on some consumer and server CPUs, which the trust reads as demand outstripping supply and the market remaining supply-constrained for some time.
- The trust frames Intel's foundry business as the long-term bull case, calling it the "logical winner" for customers seeking alternatives to TSMC for chip manufacturing and packaging.
Why it matters: The trust is buying the dip on Intel after a 14% two-day drop, betting CPU price hikes and foundry positioning against TSMC outweigh the AI capex fears triggered by Meta's compute selloff. The purchase lifts INTC's portfolio weighting toward 3% at nearly the same cost as the mid-June buy, reflecting its view that the pullback is a buying opportunity rather than a trend break.
