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Jim Cramer's Charitable Trust Trims Corning Stake Amid AI Infrastructure Policy Headwinds
Electronic Technology · Electronic Components · cnbc · 2026-08-25
GLW, AVGO
The Investing Club is reducing its position in Corning (GLW) by 135 shares, locking in a 74% gain as political scrutiny of AI data centers intensifies.
What Happened
Portfolio Rebalancing Strategy: Jim Cramer's Charitable Trust has offloaded 135 shares of Corning (GLW) at approximately $148 per share to secure profits. This move reduces the trust's holding to 395 shares, effectively lowering the position's portfolio weighting from 2% to 1.5%.
Regulatory and Political Hurdles: The decision follows a shift in political sentiment in Texas and Pennsylvania, where governors are adopting a more restrictive stance toward AI data center development. Officials in these states are demanding stricter construction standards and increased transparency, citing concerns over the rapid pace of infrastructure expansion.
Profit Realization and Risk Mitigation: The sale allows the trust to capture a significant 74% gain on shares originally acquired in October 2025. This action is part of a broader strategy to protect accumulated gains in the AI infrastructure sector, following a recent reduction in the trust's Broadcom (AVGO) position.
Market Outlook and Future Sentiment: Management anticipates that the current harsh political rhetoric will likely persist through the midterm elections, potentially creating ongoing friction for data center projects. By trimming exposure now, the trust aims to navigate these near-term speed bumps while maintaining a disciplined approach to its long-term investment thesis.