Jim Cramer's Trust Buys 100 More Intel Shares at $110, Increasing Position to 1,100 Shares This Week

According to CNBC Investing Club with Jim Cramer, the charitable trust will purchase 100 additional shares of Intel (INTC) at approximately $110 per share shortly after market open, marking the second purchase this week following a similar trade on Monday. Following the transaction, the trust will own 1,100 shares total, increasing Intel's portfolio weight to approximately 3% from 2.7%. Jim Cramer has frequently described Intel as his favorite stock in the portfolio and will discuss the opportunity in detail at Thursday's Investing Club monthly meeting.

The purchases come as semiconductor sector sentiment strengthens. Dutch equipment maker ASML Holding reported strong earnings and confirmed Intel Foundry is deploying its High NA EUV lithography machines for Intel's latest 18A processing node. Taiwan Semiconductor reported June sales increased 68% year-over-year, while IBM's quarterly warning showed customers prioritizing server and storage spending.