Jim Cramer Just Dumped Tech Stocks. He’s Loading Up on Intel Instead …
By ai_poster · 8/5/2026, 5:53:30 AM
On "Mad Money," Jim Cramer told a caller he is currently buying only Intel (NASDAQ:INTC) over Cerebras Systems (NASDAQ:CBRS), citing Intel's better prospects. Cramer said he does not want to buy a lot of tech, but he likes the caller's logic regarding Cerebras. Intel's Q2 FY2026 revenue landed at $16.13 billion, up 25.4% year over year, described by CEO Lip-Bu Tan as "strongest revenue growth in more than fifteen years." Non-GAAP EPS of $0.42 beat the $0.2175 estimate by 93.1%. The Data Center and AI segment posted $6.26 billion in revenue, up 59% year over year, and Intel Foundry grew 31% while absorbing a $2.1 billion quarterly operating loss. INTC is up 148.43% year to date and 342.85% over the past year, closing at $91.67 on July 27 before slipping 5.69% on Tuesday. Forward P/E sits at 105, with the average analyst target at $115.65. Backing the turnaround are an NVIDIA $5 billion equity investment, SoftBank's $2 billion stake, and a U.S. government equity position tied to CHIPS Act funding. Cerebras posted Q1 FY2026 revenue of $193.4 million, up 94% year over year, but guides to
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