Jim Cramer identified Intel as his favorite stock during his appearance on CNBC's "Mad Money" show on Tuesday, July 1, 2026. Cramer stated that Wall Street is currently favoring semiconductor companies with high-demand, supply-constrained products.

Cramer named Micron, SanDisk, Intel, Marvell Technology, and AMD as some of the second quarter's biggest winners. He said, "The biggest gainers are the exact opposite of the Magnificent Seven." He added that these companies "make products that are in short supply, with demand that's off the charts."

The Magnificent Seven, which includes Apple, Alphabet, Amazon, Microsoft, Meta, Nvidia, and Tesla, collectively shed approximately $2.3 trillion in market value during June 2026. Cramer noted that memory prices have increased following Micron's recent earnings beat. Advanced Micro Devices was also named among his AI infrastructure winners, with Cramer citing its CPU and GPU businesses as critical for modern data centers. "Wall Street is now rewarding tech companies with products in high demand and punishing their customers because they're spending too much and we don't know how it's is going to be profitable," Cramer said.

Regarding Intel, Cramer said, "It could be the company to solve the memory shortage one day. National treasure." Cramer credited Intel CEO Lip-Bu Tan with revitalizing the chipmaker and repositioning it around several growth opportunities related to artificial intelligence. He also stated that Intel is well-positioned to benefit from rising demand for CPUs, advanced chip packaging, and domestic semiconductor manufacturing. Intel shares have increased by 254.57% year to date and 511.07% over the past 12 months. Cramer's Charitable Trust holds shares in Intel.

Some of you may think that's unfair, but the market has spoken and Cramer said he does not know if it will learn another language next quarter, let alone the rest of the year. The CNBC Investing Club, which Cramer is associated with, continues to own six of the Magnificent Seven constituents, with Tesla being the only exception.

Why It Matters

Jim Cramer's commentary indicates a shift in market dynamics as of July 2026, moving from large technology companies to semiconductor firms. This shift focuses on companies that produce components for technologies like artificial intelligence, which are experiencing high demand and supply constraints. The substantial market value decline of the Magnificent Seven in June 2026 reflects this changing investment landscape.

The identified growth drivers for companies like Intel, such as rising demand for specific electronic components and domestic manufacturing, indicate areas of potential investment opportunity. Cramer's personal financial interest in Intel through his Charitable Trust is disclosed in the context of his public endorsement of the company.