A 5.17% run to $123.60 adds roughly $2.8 billion to a $53.5 billion company, an outsized day for a name that usually trades like a utility. Whether it holds into tomorrow's open is the thing to watch.
Latest Activity
The 51% sale of Global Print to KKR is done, and management says it adds 60 to 70 basis points to annual organic revenue growth from Q4, on top of a fourth straight EPS beat. A revised full-year outlook lands with Q3 results on November 3.
Mad Money w/ Jim Cramer 9/28/26
- Cramer stays with Intel and Meta, calling Meta's Muse agentic platform a CPU-driven demand cycle for Intel, AMD and Arm
- Intel fell 7 points; he frames the pullback after a parabolic run as another entry chance
- Nvidia's $150 billion buyback, the largest ever, plus its plan to rein in autonomous AI agents
- Chevron called the king of oil; Enbridge flagged for its 6% yield, with Microsoft's Copilot and Apple also named
With breadth the narrowest since the dot-com unwind, Cramer's answer is to concentrate: energy for pricing power, CPU names for a product cycle that higher rates cannot dent. Owners of Intel get told the 7-point drop is an invitation, and Nvidia holders get the biggest buyback ever as the floor under the stock.
TRI Coverage
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