14 Stocks on Jim Cramer’s Radar

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

Number of Hedge Fund Holders: 97

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 14 stocks on Jim Cramer’s radar. While discussing Advanced Micro Devices, Inc. (NASDAQ:AMD), Cramer said that he has “always liked” the stock, as he remarked:

“So traders say if I can’t make money after Broadcom reporting a great quarter, the playbook says time to move into the lower quality, cheaper stocks that are less likely to disappoint or should never have been down to begin with. I understand the sentiment, but the problem is that these stocks have already rallied pretty hard, too…I saw some upgrades for AMD…. They’ve moved, especially AMD by the way, on speculation it might be involved with any China deal. Rare earth materials for us, AMD chips for them.

Now, this kind of rotation could be a good one. The stocks that are rallying are excellent. They may be just playing catch-up. It’s a heavily broadening out of the winners, right? Remember when it was just the Mag Seven? We’ve come a long distance, but what comes after this could be treacherous. I’ve seen the end of rallies, and they often take up the laggards last. After it happens, if we have good news, everything’s fine. However, if there’s any degradation in the numbers, it could get very ugly. Right now we’re fine… I’ve always liked AMD, as you know.”

Advanced Micro Devices (NASDAQ:AMD) designs and sells a wide range of semiconductor products, including processors, GPUs, AI accelerators, and adaptive computing solutions. The company offers its services to sectors like data centers, gaming, embedded systems, and consumer computing through various branded offerings.