Qnity stock buy: Cramer trust adds shares after AI pullback

The CNBC Investing Club disclosed a Qnity stock buy Thursday, saying Jim Cramer’s Charitable Trust is adding to an AI infrastructure name after a steep pullback. For retail investors watching the AI trade, the move shows how one closely followed portfolio is treating the recent selling as forced-position cleanup rather than a broken demand story.

According to the club, the trust is buying 90 shares of Qnity Electronics at about $131 each. After the trade, the portfolio will hold 870 Qnity shares, and the stock’s weighting in the trust will rise to 3% from 2.7%.

Qnity, which trades under the ticker Q, supplies electronic materials. CNBC’s Investing Club said the stock had fallen to about $131 in Thursday trading from a late-June high of $175. The club also said the purchase partly reverses earlier trims made in April and June, when it sold shares in the low $140s.

Why is Jim Cramer buying Qnity stock?

The club tied the Qnity purchase to a broader view on AI infrastructure stocks. It said recent pressure in the group followed news that an AI-stock-focused hedge fund had to unwind all of its public positions, and argued that if leveraged exposure has been flushed out, the setup for the theme has improved after the decline.

Leverage means using borrowed money or other tools to increase exposure to an investment. When leveraged investors are forced to sell, stocks can fall for technical reasons that are separate from customer demand or company performance.

CNBC’s Investing Club also pointed to demand signals around Qnity. It said Samsung, Qnity’s largest customer, reported strong results overnight. The club also cited Lam Research’s Wednesday results, saying the chip equipment company beat expectations and raised its calendar 2026 wafer fab equipment spending outlook.

Wafer fab equipment spending refers to money chipmakers spend on tools used to manufacture semiconductors. That matters for companies tied to chip production because higher spending can support demand across parts of the semiconductor supply chain.

The club added that other electronic-materials peers have reported solid quarters so far this earnings season. It cited Solstice Advanced Materials, which reported a beat and raise Thursday and said electronic materials sales rose 15%.

What changed on Corning?

The Investing Club also upgraded Corning, the specialty glassmaker that trades under the ticker GLW, to a buy-equivalent rating of 1. The club said it would be buying some Corning shares as well if it were not restricted from trading the stock.

Corning shares were up about 7% Thursday, according to the club, but remained down roughly 9% for the week and about 50% below their all-time high from June. The club said Corning’s Tuesday earnings report did not satisfy the market’s high expectations, while the company’s longer-term growth story remained intact.

Corning said it is “entering a new phase of accelerating growth,” according to the club, with sales expected to grow at a compound annual growth rate of 19% from the fourth quarter of 2026 to the fourth quarter of 2030. The company also expects earnings to grow faster than sales, the club said.

The trust’s Corning position had become smaller, according to the club, partly because the stock had fallen and partly because the portfolio sold shares in June at about $200, $222 and $260. The club said that, with the stock cut in half over the past month, it would buy some of those shares back if allowed.

CNBC’s Investing Club disclosed that Jim Cramer’s Charitable Trust is long Qnity and Corning.

This story draws on original reporting from CNBC.