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Latest stock Jim Cramer said to sell just soared 20%
Finboldยท 2025-08-18 09:18
Core Viewpoint - Intel's foundries division reported a loss of $18.8 billion in 2024, raising concerns about the sustainability of domestic semiconductor manufacturing despite government subsidies [1][2]. Group 1: Financial Performance - Intel's foundries division incurred a significant loss of $18.8 billion last year, even with government support [1][2]. - Following Jim Cramer's criticism, Intel's stock price increased by over 20%, reaching $24.56 [2]. Group 2: Government Involvement - The Trump administration is reportedly in discussions regarding a potential government-backed investment in Intel, which could support the company's factory hub in Ohio, the largest chipmaking complex globally [5][6]. - White House spokesman Kush Desai has characterized the discussions about the investment as speculative until officially announced [6]. Group 3: Industry Context - The Trump administration has previously secured a deal requiring Nvidia and AMD to pay a 15% share on certain U.S. chip sales to China, indicating a broader strategy in the semiconductor industry [7].