CNBC Investing Club: Cramer’s Morning Take on Intel 7/21/26

**SPEAKER_1** (0:00)
The board recommends approving...

**SPEAKER_2** (0:01)
Regarding that seat on the committee, we're promoting...

**Julia Boorstin** (0:02)
to most quarterly earnings...

**SPEAKER_2** (0:04)
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**Jim Cramer** (1:02)
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, morningtake.
Today feels like earning season to me because GM with a great quarter up big stels off.
3M with a great quarter starts high and then goes even higher. We are seeing the kinds of moves that remind me that there are other opportunities besides tech to make money that are not connected to SK Hynex, which is leading up that whole commodity part of tech. And I particularly like, for instance, how the financials are acting. They act great. Maybe healthcare with no barges. So what we are seeing is some really interesting non-commodity tech. And I am including non-commodity tech, by the way, Intel, which got its first real client for its foundry. And it's a good one.

**SPEAKER_6** (2:09)
Yeah, confirmed. They are obviously in talks with many others. But this is one of the first times where there is an announcement on both sides. This is Fortinet Cybersecurity SP6 chip, manufactured on Intel's 4 process.
Also, just in the semi-complex Taiwan Semi, reportedly in talks about raising prices by about 10% to cover the rising cost of manufacturing material. So it just shows you some of the bottlenecks and constraints remain in that industry.

**Jim Cramer** (2:40)
Do you think that that is what's causing the hyperscalers to have, again, a little bit of a negative tilt? Because that's what I'm concerned about. I'm concerned about the power grab between the microns and the Western Digitals on the one hand and the alphabets and the Amazon on the other.

**SPEAKER_6** (2:58)
We've seen that relationship with the hyperscalers and the semis when the semis were going through that big correction over the last couple of weeks. We saw some nice moves in Apple and Amazon and Meta and some of those gains are giving that up today.
Meanwhile, in the backdrop, oil remains an issue higher again. Now around 84, 85, that's on WTI. The bonds are relatively unchanged.

**Jim Cramer** (3:26)
I think we got gobsmacked in aerospace because of oil and I have been watching that relationship. It's not a good one.

**SPEAKER_6** (3:32)
No, and it's been a tough couple of weeks for Honeywell Aerospace, for Boeing as it was for GE even after a nice quarter that they reported last Thursday.

**Jim Cramer** (3:43)
Yeah, I mean, GE and Cell Phone go back to board GE.
They were actually quite aggrieved. They want some really big orders. A thousand liter engines for Airbus and the stock was down eight bucks. Wow.

**SPEAKER_6** (3:53)
Yeah.

**Julia Boorstin** (3:55)
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_1** (4:28)
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**Julia Boorstin** (4:34)
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