Cramer's Trust Sells 135 Corning Shares as Data Center Policy Risks Cloud AI Buildout
Updated
Updated · CNBC · Aug 25
Cramer's Trust Sells 135 Corning Shares as Data Center Policy Risks Cloud AI Buildout
2 articles · Updated · CNBC · Aug 25
Summary
Jim Cramer's Charitable Trust sold 135 Corning shares at about $148 each, cutting the stock's portfolio weighting to 1.5% from 2% and leaving 395 shares.
A Tuesday rebound in tech stocks gave the trust an exit point as it moved to lock in gains and trim exposure to AI infrastructure names.
Texas and Pennsylvania drove the caution: Gov. Greg Abbott criticized fast-moving data center projects, while Gov. Josh Shapiro ordered tighter construction standards and more disclosures.
Corning's sale realized roughly a 74% gain on shares bought in October 2025, following Monday's move to cut Broadcom in half for similar reasons.
The trust expects the tougher political tone toward data center development to persist until after the midterm elections, potentially slowing the broader AI infrastructure buildout.