We're selling 135 shares of Corning at roughly $148 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 395 shares of GLW, decreasing its weighting in the portfolio to 1.5% from 2%. We're using Tuesday's bounce in the tech stocks to make another sale of an AI infrastructure name. This is consistent with the game plan we outlined on Monday's Morning Meeting.
As we detailed on Monday, the governors of Texas and Pennsylvania have pivoted to a harder-line stance against data center developers. Previously, the two governors were champions of AI data center investment in their states. That has changed over the past month. Now, Texas Governor Greg Abbott is saying data center companies moving too fast into communities lacking support have "dug their own grave." Last week, Pennsylvania Gov. Josh Shapiro issued an executive order requiring stricter standards for construction projects.
We don't think this harsh rhetoric will let up until after the midterm elections, creating a speed bump for the data center buildout. To protect some of the big gains we've accumulated across several positions, we cut our Broadcom position in half on Monday, while booking a massive gain.
With the group rebounding Tuesday, we're making the Corning sale, realizing a gain of roughly 74% on stock purchased in October 2025.
