12 Stocks on Jim Cramer’s Radar

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

Number of Hedge Fund Holders: 113

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks on Jim Cramer’s radar. A caller asked for Cramer’s opinion on the stock at its current valuation of approximately $250 billion, and he replied:

“Alright, I think that there’s enough room in this market for both AMD and NVIDIA. Now, NVIDIA’s good at the training. They’re good at the inference. Advanced Micro’s got a lot of good things going for it. I think Lisa Su’s terrific. Far be it from me to say that you shouldn’t buy that stock at 158.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and delivers semiconductors such as central processing units, graphics processing units, artificial intelligence accelerators, and adaptive system-on-chips for use in consumer electronics, gaming, data centers, and embedded systems. On August 14, when a member of the Investing Club asked whether the Charitable Trust might consider reentering the position, Cramer said:

“We said we should discuss this. We felt like, you know what, we missed this AMD going back move, but we put our money into Broadcom, and Broadcom was terrific. Now I will say this, this AMD move is extraordinary, and that’s because Lisa Su has caught up with some of the lower-end chips of what Jensen Huang’s doing in NVIDIA. And this was a remarkable move. Do I wish that I had gotten it? Absolutely. I’ve kicked myself. I said that several times, that I kicked myself about it. But you know what? There’s just you, you gotta put that outta your head and move on.”