Advanced Micro Devices, Inc. (AMD): Data Center Revenue May Have Been Disappointing, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Blasted China’s Hostility Towards The US. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer recently discussed.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor designer that designs and sells CPUs, GPUs, and custom chips. It caters to the personal computing, enterprise computing, and AI computing industries. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares have gained 41.7% year-to-date as analysts have become increasingly bullish about the firm’s prospects in the AI race and its ability to compete with larger and well-heeled rival NVIDIA. Cramer discussed Advanced Micro Devices, Inc. (NASDAQ:AMD)’s second quarter earnings, which saw the firm post a GAAP operating loss and weak data center performance, before he interviewed the firm’s CEO, Dr. Lisa Su:

“Shares of AMD, after a huge run, a huge run, is falling today. Chipmaker beat revenue estimates, but data center revenue may be considered disappointing by the street. I’m not going to call it is.”

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Here are his previous thoughts about Advanced Micro Devices, Inc. (NASDAQ:AMD):

“It’s the AI-related chips that are on fire today. You . . got AMD. Because, AI is just moving along. . . .Let’s again speak of the stock market rather than Sweden’s gonna do, what’s happening in Sweden. The stock market is reacting incredibly positively to stuff and there are people who don’t want to react to it or think that somehow those points aren’t valuable. I think they’re crazy. We’re having a good rally.”

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