Cramer Backs Intel and Boeing as Corning Slides 15% and AI Infrastructure Rally Fades
Updated
Updated · CNBC · Jul 28
Cramer Backs Intel and Boeing as Corning Slides 15% and AI Infrastructure Rally Fades
3 articles · Updated · CNBC · Jul 28
Summary
Intel and Boeing were Jim Cramer’s main buy calls Tuesday, with Cramer saying he would keep buying Intel on weakness and arguing Boeing can still rise for months after stronger-than-expected cash flow.
A 15% drop in Corning sharpened his warning on AI infrastructure stocks, which he said became too risky after parabolic gains; GE Vernova has also fallen about 20% from its late-June record.
Big semiconductor names were sold again as investors rotated into defensive stocks, lifting Procter & Gamble nearly 2% while the Nasdaq stayed near flat and the S&P 500 edged higher.
Wednesday earnings from Microsoft, Meta and Starbucks are the next test, with investors focused on whether Microsoft and Meta defend capex plans after Alphabet’s post-results sell-off and whether Starbucks’ margin-focused turnaround is gaining traction.