Jim Cramer’s Charitable Trust is buying 100 Intel shares at approximately $97.97, bringing its total position to 1,300 shares and increasing its portfolio weight to 3.20% from 3%. This purchase comes as Intel stock has partially recovered after hitting around $113 on July 23 following earnings, only to drop to $92 the next day due to forced selling by a highly leveraged AI-focused hedge fund. The combination of the end of forced selling and strong hyperscaler capital expenditure commentary this earnings season has reignited the AI theme, prompting the trust to build its position and lower its average cost basis. AMD confirmed that CPU demand is growing well beyond internal expectations, providing further support for the semiconductor sector outlook.
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