GoKawiilIntel stock jumps 9% as Cramer names it a top-six buy amid pricing, foundry gains
Intel shares surged 9% Tuesday, pushing above the $95 level from its recent equity offering, after reports that the company plans to raise CPU prices in October and news that its foundry business is advancing High NA EUV lithography with over 1 million wafers processed. CNBC's Jim Cramer included Intel among his six top stock picks, while comments from President Trump over the weekend eased worries that the government might soon sell its 10% stake in the company.
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The combination of pricing power, manufacturing progress on advanced chipmaking technology, and reduced political overhang gives investors multiple reasons to view Intel's turnaround as gaining traction rather than stalling. A sustained rally above the government's cost basis and CEO Lip-Bu Tan's purchase price also signals growing market confidence in Intel's foundry ambitions competing with TSMC and Samsung.
- Intel shares rose 9%, trading above its recent $95 equity offering price.
- Reports of October CPU price hikes and High NA EUV progress at Intel Foundry boosted sentiment.
- Trump's remarks reduced fears the government would soon offload its 10% Intel stake.
Intel Core i5-14600K Desktop Processor — With Intel reportedly raising CPU prices in October, now is a sensible moment to grab a Core i5-14600K for a build or upgrade. It's an unlocked desktop chip with performance and efficiency cores, a favorite for gaming and productivity rigs. A direct way to own a piece of the chipmaker's lineup that's driving the headlines.
See Intel Core i5-14600K Desktop Processor on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Alexa Lomonaco, 2026-09-08
Published there as: “Jim Cramer calls this chipmaker one of his top 6 stocks to buy now”
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