Jim Cramer recommended Intel and Micron as top technology investments during the CNBC Investing Club Morning Meeting on Monday, citing demand in data centers and memory sectors. Intel stock rose 3% on Monday, while Micron Technology stock rose 6%.

The S&P 500 declined on Monday. The CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET every weekday.

CNBC Investing Club host Jim Cramer outlined his rationale for favoring the two semiconductor companies. "If you feel that you don't have a tech that is related to the data center, it would be Intel. If you feel that you have to be in memory, it would be Micron," he said.

He emphasized his continued confidence in these positions despite market fluctuations. "They're my two, and I'm not backing away," he said. He warned that ignoring these sectors could lead to poor investment decisions. "That is a recipe for selling," he said.

Intel CEO Lip-Bu Tan purchased additional shares of Intel. Jim Cramer's Charitable Trust holds long positions in Apple, Intel, Micron, Alphabet, and Nvidia. The trust operates under specific timing rules to manage potential conflicts of interest.

Cramer waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. He also adheres to a longer waiting period for stocks discussed on television. Cramer waits 72 hours after issuing a trade alert before executing a trade if he has discussed the stock on CNBC TV.

Timeline

Jim Cramer reiterated his support for Netflix on June 30. "People think the business has slowed. I disagree with that analysis, but you know what? The market has turned against the FAANGs. It's turned against the Mag Sevens. It's caught up in that negativity, and it can't seem to shake the fact that it was trying to buy Warner Brothers Discovery. They can't seem to shake it, and that's all she wrote, he said on June 30."

On August 11, Netflix stock was trading approximately 15% below its original purchase price according to a caller on the August 11 episode of Mad Money. Okay, but I've got strict rules in this. One is that we do not care where a stock has come from; we care where it's going to. And second, has the price-to-earnings multiple come down, or the earnings come down? Right now, the earnings are okay. The price-to-earnings multiple is at 20. So call me a beginning position in Netflix, and for you, maybe you want to buy a little more to average down," he said. In July 2026, Benchmark maintained a Hold rating on Netflix. Benchmark noted that Netflix engagement growth was 2% year-over-year in the first half of 2026."

What's New

Additional reporting shows Jim Cramer recommended buying Netflix on June 9. "Okay, I want to buy Netflix. The biggest headwind is that they went and got involved with trying to buy the Warner Brothers Studio, and everyone thinks, oh, they don't know what they're doing. I think they took the optionality that they had. They debated it. They made a decision, then they decided not to do it, because they're going to do fine. I think we're going to look back and think, wow, I bought it down 13%, not bad, Jim Cramer said on June 9. Jim Cramer reiterated his support for Netflix on June 30. People think the business has slowed. I disagree with that analysis, but you know what? The market has turned against the FAANGs. It's turned against the Mag Sevens. It's caught up in that negativity, and it can't seem to shake the fact that it was trying to buy Warner Brothers Discovery. They can't seem to shake it, and that's all she wrote, Jim Cramer said on June 30."

Later updates indicate that Netflix stock was trading approximately 15% below its original purchase price according to a caller on the August 11 episode of Mad Money. Okay, but I've got strict rules in this. One is that we do not care where a stock has come from; we care where it's going to. And second, has the price-to-earnings multiple come down, or the earnings come down? Right now, the earnings are okay. The price-to-earnings multiple is at 20. So call me a beginning position in Netflix, and for you, maybe you want to buy a little more to average down," Jim Cramer said. Benchmark maintained a Hold rating on Netflix in July 2026. Benchmark noted that Netflix engagement growth was 2% year-over-year in the first half of 2026."

Why It Matters

The recommendations for Intel and Micron highlight the ongoing investor focus on infrastructure components required for data center expansion and memory storage. As the S&P 500 declined on Monday, the divergence in performance for these specific technology stocks reflects selective buying interest in sectors tied to artificial intelligence and cloud computing demands. Intel CEO Lip-Bu Tan purchasing additional shares of Intel adds to the narrative of insider confidence in the chipmaker's turnaround efforts.

Cramer's continued advocacy for Netflix, despite a 15% decline from its purchase price for some investors, illustrates a strategy of averaging down based on valuation metrics rather than recent price action. The mixed analyst ratings in July 2026, including a downgrade from KGI Securities and a price target trim from Guggenheim, contrast with Benchmark's Hold rating and observation of 2% engagement growth. This disparity reflects the broader market uncertainty surrounding the streaming sector's growth trajectory and the impact of past strategic debates, such as the abandoned Warner Brothers Studio acquisition attempt.