CNBC Investing Club: Cramer’s Morning Take on Intel 6/16/26

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Jim Cramer (0:59)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

Right now, this morning, we're going to try to, I think we test some of the declines. I wanted to get more intel in just because I saw that it was finally, look, I can soul search forever about this product, but the main thing about the product that unnerves me is that we're always restricted. We had to go to great lengths to not talk about it until this morning.

One day when I do the confessions of a charitable trust runner, I'm going to say that the thing that most bothers me is that, for instance, I like Don Fried, I did your piece on Sunday, saying, listen, the SpaceX is real. SpaceX is real. And by the way, I know the book runners, and they did such a great job. And I said, you got a chance to make money.

SPEAKER_4 (2:02)

And you were worried about, perhaps, that deal going bad.

Jim Cramer (2:04)

Because I felt that they were going to put it in the hands of flippers.

It turns out that they scrutinized every account and that each firm that I dealt with when I talked to, they actually went as granular as, does that person have a likelihood to flip? Which was extraordinary. I've never seen that done. I've never had in all the years I was at Goldman or when I was at Hedge Fund Manager. No one ever questioned what I was going to do with it. This was just a nail down. So you knew it was tight as a drum. And what I think people didn't realize is that you have the Russell, people want to game the Russell, then you game the NASDAQ 100, and you end up with a stock that could really take a lot of share. And I'm just very wary, but this was the first day Intel, we could buy some or up to two. I want to get Intel up to 4 percent. As I said in my piece, this now, I like it more than I like Nvidia. And one of the reasons I do is because Nvidia announced this bond deal.

But they didn't say point blank, listen, we've gone through $80 billion, we're almost up at where our buyback is done, and we're going to re-up our buyback. They did not do that after stock being up 7 yesterday, and now it's giving back half of that. And I just don't want to see that. I don't want to see it give up half of that.

SPEAKER_4 (3:24)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_2 (3:55)

Trading at Schwab is now powered by Ameritrade, bringing you an expanding library of education with even more ways to sharpen your trading skills. Access new online courses, insightful webcasts, articles, engaging videos and more. All curated just for traders. Plus, guided learning paths with content designed to fit your unique interests. And no sifting to find exactly what you need, so you can spend your time learning to trade brilliantly. Learn more at schwab.com/trading.