11 Stocks on Jim Cramer’s Radar

6. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders In Q2 2025: 113

Cramer discussed GPU designer Advanced Micro Devices, Inc. (NASDAQ:AMD) ‘s role in the semiconductor industry and its CEO, Dr. Lisa Su:

“[After Carl Quintanilla pointed out Melius saying when AMD gave guidance on semi and network TAM in 23 it seemed cartoonish and it turned out to be right] I went out to dinner with Lisa Su when she was using a $400 billion number for 2030. She was very discounseled, people just didn’t believe her. She’s very different, they’re picks and shovels. They’re picks and shovels of this thing. Picks and shovels has made out in every single of the rushes. The gold rush, everything. And she’s real, but she’s playing with real money. Now I think Andrew correctly pushed her from the money from OpenAI.

“I do think that they have the orders, so does Jensen, Jensen Huang has the orders. You need the orders in order to be able to get to where we’re gonna go here. It’s just that we need the orders to be paid for. And I felt better that Lisa Su said, listen we’ve got orders that are going to be paid for. . .

“But, I will say, if you believe in any of this stuff, any of the hyperscalers, any of the spend, the line here’s going to NVIDIA. Not to Lisa Su. Lisa Su says that her next generation’s is as good as this current generation and I don’t doubt it, she looks at a lot of benchmarks before she would ever say that. But NVIDIA is still the one that has to work, it has to.. . .”

“No, I think that we were in a real funk yesterday. People, didn’t necessarily believe that Lisa Su, cause she’s connected, with OpenAI, would be able to get the numbers. But she acquitted herself with some very tough questions by the Squawk end. Incredibly well. And I think if you listen you’ll realize, wait a second, she’s well on her way to having some really big numbers. The trillion dollar figure suddenly seems very realistic. Now she does have this big step function, 27, 28, but you know I’ve been a believer in Lisa Su since the stock was at 5, I’m not backing away from that one.”