Intel Beats Earnings by $1.7 Billion but Falls 11% as Cramer Turns Bullish

Intel reported Q2 revenue of $16.1 billion, beating analyst expectations by $1.7 billion and posting its strongest growth in over fifteen years. Despite the earnings beat, Intel's stock fell 10.88% as the broader semiconductor sector weakened. AMD also fell 5.49% despite a major supply deal with Anthropic. The selloff occurred as Jim Cramer turned bullish on Intel, triggering an 'inverse Cramer' narrative, though analysis suggests his influence is limited for large-cap stocks. The article notes the SOXX chip fund is 15.7% below its June high, and rising Treasury yields contributed to market caution. Intel's RSI dropped to 29.07, indicating heavy selling pressure.