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Intel on Wednesday revealed CEO Lip-Bu Tan as a big buyer in the massive stock sale that the company announced this week. It’s another bullish sign for what Jim Cramer has called his favorite stock in the Club portfolio. Wall Street seems to agree with Jim, sending Intel shares up 4.5% to $102 each. According to a new prospectus supplement filed with the Securities and Exchange Commission, Tan and “one of his family members” have agreed to purchase a combined $12 million worth of shares in the now $20 billion equity sale. The offering aimed at offsetting artificial intelligence spending…
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