Jim Cramer says Intel is his favorite stock as he builds position

According to CNBC, Jim Cramer said he is trying to build a larger position in Intel because he believes central processing units will be the next item to face shortages after memory chips. He also said Western Digital, Seagate, Sandisk, Micron and SK Hynix have had strong runs, with Western Digital up more than 180% this year, and argued the rally reflects a lasting chip cycle rather than the boom-and-bust pattern seen in earlier years.