Observed Signal · Jun 30, 2026 · Market Commentary · Source: CNBC Technology · Impact: 1/5 · Sentiment: Neutral
Jim Cramer: Intel Could Rise About 40%
On June 30, 2026 Jim Cramer told CNBC that Wall Street is shifting its AI trade away from hyperscaler tech giants toward the companies supplying AI infrastructure. He said markets are "rewarding tech companies with products in high demand and punishing their customers," noting that the Magnificent Seven collectively lost roughly $2.3 trillion in market value in June as investors questioned hyperscalers' heavy AI spending. Cramer identified memory and chip suppliers — Micron, Sandisk, Intel, Marvell Technology and AMD — as some of the quarter’s biggest winners and singled out Intel as his new favorite, crediting CEO Lip‑Bu Tan. He also said Nvidia, while a key AI compute supplier, has become a laggard amid concerns about custom chip competition. Cramer’s Investing Club Charitable Trust holds Intel shares.
Opinion/market commentary focused on Intel stock and semiconductor demand for AI inference; limited direct relevance to the AdTech/MarTech industry and not a major platform policy or technical release.
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Key Takeaways & Evidence Grounding
- Jim Cramer said Wall Street is rewarding companies supplying the AI boom rather than the hyperscaler tech giants.
- The "Magnificent Seven" collectively shed roughly $2.3 trillion in market value during June 2026, per the article.
- Cramer named Micron, Sandisk, Intel, Marvell Technology and AMD as some of the second quarter’s biggest winners tied to AI demand.
- Cramer singled out Intel as his new favorite stock and credited CEO Lip‑Bu Tan with revitalizing the company.
- Cramer said Nvidia has fallen into the laggard camp due in part to concerns about custom chip competition.
Connected Companies & Entities
8 Entities mapped““Intel is going to $200 like a rocket ship.”...”
“While keeping his “own it, don’t trade it” designation on Club stalwart Nvidia, Jim likes Intel better because its central processing units ...”
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“On June 18, Trump said Intel had agreed to a deal with Apple to design and build chips in the U.S....”
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Jim Cramer: Intel Still a Buy After 228% Rally
CNBC host Jim Cramer named Intel his top stock pick, saying the chipmaker still has room to run despite a more than 200% rally this year. Cramer cited growing demand for AI infrastructure, the rise of inference and "agentic" AI that could increase CPU requirements, and Intel’s expanding foundry business as reasons for further growth. He noted that Cramer’s Charitable Trust initiated a position in Intel on June 3 and has added to it twice. The article references corporate events that coincided with Intel’s turnaround: a U.S. government announcement of a 10% stake in August 2025 and a roughly $5 billion investment from Nvidia about a month later. Shares traded around $121 and were up about 228% year-to-date at the time of publication.
Jim Cramer names Intel his No.1 stock, sees 63% upside
On June 12, 2026 during the CNBC Investing Club “Morning Meeting,” Jim Cramer said Intel is his No.1 stock and suggested the shares could rise to $200 — implying roughly 63% upside from then-current levels. Cramer described Intel as the strongest story in semiconductors, said its prospects have surpassed Nvidia, and credited CEO Lip‑Bu Tan for restoring confidence in the business and its foundry and CPU initiatives. The article notes Intel shares rallied after a double upgrade from Bank of America. The same episode also covered market context including the SpaceX IPO pricing and brief comments on stocks such as Linde, AMD, Arm, Williams‑Sonoma and Lennar.
Intel could hit $200 per share in two years, says Melius analyst
Melius Research analyst Ben Reitzes has set a buy rating on Intel with a $165 price target, implying about 70% upside from the previous close, but sees the stock reaching as high as $200 per share within two years. Reitzes bases his bullish outlook on potential foundry agreements with Apple, Tesla, and another hyperscaler, and strong server CPU pricing and AI PC mix that could drive product earnings above $4. He also notes a Reuters report that Intel is considering a deal to help SK Hynix manufacture memory chips in the U.S., potentially leasing part of its Ohio facility. Intel shares have gained roughly 300% over the past 12 months, and the stock was up more than 4% on the day. The analyst's view contrasts with consensus, as only 15 of 50 analysts rate it a buy.
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