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Cramer urged Trump to hold Intel on CNBC, warning a government sale of the 311%-gainer could create a massive supply overhang for INTC holders.
RGTI jumped 11% as Commerce expanded its equity-stake model into quantum computing, and QCOM surged 10% on a new Amazon data center deal.
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President Trump spent the weekend posting about the paper profit on Washington's Intel (NASDAQ:INTC) stake, and on Tuesday morning Jim Cramer, whose charitable trust owns the same stock, publicly asked him to hold. On CNBC's Squawk on the Street, Carl Quintanilla noted "the president was tweeting over the weekend about his gains, his paper gains on Intel," and Cramer responded, "Yeah, I love that because my trust owns Intel. Yeah. Please don't sell it. Remember all the last week of August is when he can sell it."