Advanced Micro Devices, Inc. (AMD): I’m Not Betting Against It, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Shared Key Insights From Morgan Stanley’s CEO. 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 makes and sells CPUs and GPUs. It is one of the key players in the AI market by being the only company, apart from NVIDIA, that sells AI accelerators. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares have gained 33% year-to-date as analysts and investors have become increasingly bullish about the firm’s ability to compete with NVIDIA. Cramer discussed the firm in the context of its benefiting from strong earnings results from Taiwan’s TSMC:

“I will say, by the way, that some people are going to say it’s also good for AMD. And I’m not betting against AMD here, it’s got great momentum. Great momentum.”

Previously, Cramer discussed Advanced Micro Devices, Inc. (NASDAQ:AMD)’s presence in the AI PC market and how it could benefit from recent events:

“People don’t realize Sanjay [Sanjay Mehrotra, Micron’s CEO], I know that Sanjay was a bit verbose, in his answers. . .look I’ve known Sanjay for years, you can tell him after this, but I think what you have is, you have a PC market that could be exploding. And I didn’t think that. . .but it also makes sense with AMD going up every single day. Because that could be PC.”

A close up of a complex looking PCB board with several intergrated semiconductor parts.

“Lisa Su has that, she always told me that she could get these inference chips and she got them. And once you have them, you have a little bit of a dogfight.

“They don’t have anything as competitive, that’s the problem, every time you try to catch up with Jensen . . .”

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