Advanced Micro Devices (AMD)’s CEO Pulled Off An “Unbelievable Coup,” Says Jim Cramer

We recently published Jim Cramer Talked About These 8 Stocks & The Quantum Computing Dip. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer recently discussed.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares have been the talk of the town recently following its chip deal with OpenAI through which it expects to earn more than $100 billion in revenue over four years. Cramer has been full of praise for Advanced Micro Devices, Inc. (NASDAQ:AMD)’s CEO, Dr. Lisa Su, after the deal’s announcement. He believes that the partnership with OpenAI vindicates Su’s longstanding assertion of being able to compete with NVIDIA. In this episode, he discussed the OpenAI deal again and mentioned the supply constraints that NVIDIA’s GPUs are struggling with:

“[On deal with OpenAI]”I think AMD’s, their next model that comes out in the middle of next year, has got the same capabilities on the hardware side

Pixabay/Public Domain

“And right now it’s too hard to get NVIDIA chips. You can’t get them all. But Lisa Su, congratulations, David, an unbelievable coup. She did say that this could happen but no one thought it could happen within the next year!”

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Disclosure: None. This article is originally published at Insider Monkey.