Cramer's Trust Adds 100 Intel Shares, Citing AI Trade Recovery
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- Jim Cramer's Charitable Trust will buy 100 shares of Intel at roughly $97.97 shortly after the opening bell, bringing its total INTC holdings to 1,300 shares and raising the portfolio weight to about 3.20% from 3%.
- Intel shares gained 10% in Tuesday's session but are down slightly in premarket trading after AMD delivered a strong quarter that nonetheless failed to clear a high bar.
- AMD's results confirmed that CPU demand is growing well beyond internal expectations, which the trust cites as a positive read-through for Intel.
- Intel remains well below the roughly $113 after-hours level it hit on July 23 after its earnings report, before plunging 7% to $92 the next day during regular trading.
- Cramer now attributes that July 24 reversal not to the CFO's capital-markets comments or lack of foundry customer announcements but to forced selling from a highly levered, AI-focused hedge fund unwinding positions.
- The trust believes Intel deserves to trade at least back to that post-earnings $113 level, now that forced sellers are out and hyperscaler capex commentary has reignited the AI theme.
Why it matters: Cramer's thesis hinges on a clean-up trade: the worst of Intel's July selling was forced, not fundamental, and AMD's strong CPU demand signal plus renewed hyperscaler capex support a recovery toward the $113 post-earnings high — roughly 15% above the current ~$97.97 buy price and a key technical level for INTC bulls.
