Did Jim Cramer Hit or Miss On These 13 Stock Predictions?

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

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD), a major chipmaker, was criticized at the time for a weak quarter and conservative guidance, which spooked investors despite its role in AI. Here’s what Jim Cramer said at the time:

“AMD produced a weaker than expected quarter as people who focus on its embedded business and its gaming business were disappointed, while those who were concerned about a data center slowdown were spooked by a lowball boost in their forecast generative AI chips. Now I believe the CEO Lisa Su is simply being conservative, so I’m not going to sweat this program. […] Oh and there’s  no data center slow down – none, none – that anybody can find and yet people keep looking for one.”

The chipmaker has struggled over the past year and its shares have sunk by 31.30% invalidating Cramer’s optimistic outlook.

Following another recent decline, Cramer had this to say about Advanced Micro Devices, Inc. (NASDAQ:AMD):

“No, no, no. You know, I think the world of Lisa Su, but we are going to try to limit, as I said in the club, we are going to try to limit our exposure to what I regard as being a charnel house, a semiconductor charnel house.”