Immediately after the opening bell, you purchase 100 more shares of Intel stock at approximately $110 per share. After Wednesday’s trade, the Jim Cramer Charitable Trust will own 1,100 shares of INTC stock, increasing its weight in the portfolio from 2.7% to about 3%. We plan to buy Intel again, which Jim has frequently stated is his favorite stock in his portfolio. He will discuss Intel’s opportunity in more detail at Thursday’s Investing Club monthly meeting, which will be livestreamed at noon ET. We also added an Intel position on Monday. Shares rose a few dollars in pre-market trading following strong earnings from ASML Holding. Dutch semiconductor manufacturing equipment manufacturer Intel Foundry announced that it is using high NA EUV lithography machines on its latest 18A processing nodes to produce a subset of Intel Core Ulta Series 3 processors designed for artificial intelligence personal computers. ASML’s high numerical aperture technology is used to print circuit patterns on microchips. Intel’s willingness to buy these expensive machines is a positive signal that its foundries are expanding capacity and improving yields on cutting-edge chips. INTC YTD Mountain Intel YTD We also note that several developments this week suggest that spending on AI remains strong. Taiwan Semi reported strong performance, with June sales up about 68% year-on-year, and is expected to take a bullish stance when the company releases its full earnings report early Thursday morning. In addition to reporting strong earnings, ASML said it plans to increase production capacity toward 2028 to meet strong demand. IBM’s pre-release quarterly warning showed customers are prioritizing capital spending on servers, storage and memory over mainframe hardware. Finally, Intel announced Monday that it will invest about $5.7 billion in its Irish factory to expand production of Xeon server processors and other products. (Jim Cramer’s Charitable Trust is long INTC. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
