Cramer's Trust Buys 100 Intel Shares as $15 Billion Stock Sale Hits AI Bet
Updated
Updated · CNBC · Aug 10
Cramer's Trust Buys 100 Intel Shares as $15 Billion Stock Sale Hits AI Bet
3 articles · Updated · CNBC · Aug 10
Summary
At about $97.98, Jim Cramer's Charitable Trust bought 100 Intel shares, lifting its stake to 1,400 shares and portfolio weighting to 3.3% from 3.1%.
Intel stock fell roughly 4% after the chipmaker announced a $15 billion equity sale, with an option for another $2.25 billion, diluting existing shareholders.
Management had already signaled it might tap capital markets as capex rises above $20 billion this year and 2027 spending is expected to run significantly above 2026 levels.
Intel said customer demand tied to AI compute is driving the timing, citing opportunities in physical AI, purpose-built silicon, advanced packaging and external wafers.
The trust is treating the offering as a manageable overhang and a way for Intel to fund foundry expansion and next-generation manufacturing from a position of relative strength.