CNBC Investing Club Homestretch: Stocks Rise on Tech Gains, Intel Slips on Terafab News

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks got off to a good start this week , even as bond yields continued to climb. The tech-heavy Nasdaq led the way Monday, climbing to a new record despite the 10-year Treasury yield hitting a new high for the year. The big jump in yields followed a volatile session last Friday. Bond prices initially rallied in reaction to a softer-than-expected jobs report. But they sold off and yields climbed higher as the session progressed. The Magnificent Seven stocks were a large source of Monday's market gains, with Nvidia pacing for a new record close, Microsoft rallying after a long-time bearish analyst flipped positive, and Meta Platforms gaining from ongoing enthusiasm for its AI agent products. Alphabet , Amazon , and Tesla also traded higher. Apple slipped. (Tesla is the only Mag 7 stock we don't own for the Club). Materials and energy stocks also traded solidly higher. The interest rate-sensitive real estate sector was the only group in the red. Intel shares moved lower after Elon Musk confirmed in a post on X that his companies are in talks with Taiwan Semiconductor Manufacturing to potentially partner on the massive Terafab AI manufacturing project. The news was a knock to Intel because it was named a partner in Terafab last April, with Musk saying on Tesla's first quarter 2026 earnings call that the project will use Intel's upcoming 14A manufacturing process. Intel was lower because bringing in a rival foundry business in Taiwan Semi could reduce the chipmaker's role in the project. With Intel shares up about 30% since the beginning of September, it's reasonable to see some profit-taking on a negative headline. But this does not change our view on Intel. It's still expected to play a role in Terafab, which is a few years away from becoming operational and so large and ambitious in scale (1 terawatt of compute per year, or 1,000 gigawatts) that it's likely to have multiple partners. In the meantime, Intel's central processing units (CPUs) are expected to be in short supply (meaning high average selling prices) due to strong demand from enterprise and personal agentic workloads. There are no major earnings Monday evening or before the bell. In other corporate news, Marvell is hosting an Investor Day on Tuesday, and refreshed long-term targets could give a boost to the AI trade and could move our chip stocks. We'll be following it closely. There are no major economic releases scheduled for Tuesday. Fed speak may play a more important role in the market right now, given the uncertain path of monetary policy into year-end. On Tuesday, Fed officials John Williams speaks at 9:05 a.m. ET; Michelle Bowman at 10:45 a.m. ET; Jeffrey Schmid at 1:15 p.m. ET; and Lorie Logan at 7 p.m. ET. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.