Intel Sinks After Cramer Names It His Favorite Stock
2026-07-16 11:57:05
Intel fell about 8% on July 15, closing near $103 after CNBC host Jim Cramer called it his favorite stock earlier that morning. according to BeInCrypto, ASML also said Intel Foundry is using High-NA EUV in high-volume production for part of the Panther Lake processors, branded Core Ultra Series 3, but hotter-than-expected inflation data and broader semiconductor weakness outweighed the news. Intel will report second-quarter results on July 23.
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