Jim Cramer Considers AMD Stock’s Dip as a Buying Opportunity

Advanced Micro Devices, Inc. (NASDAQ:AMD) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer highlighted the recent decline in the stock as an opportunity, as he remarked:

I like AMD on this dip. I know it’s not much of a dip really, but you almost never get this kind of opportunity to buy the stock anymore with its combination of GPUs and CPU, both of which are in high demand.

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and manufactures processors, graphics cards, and AI chips for computers, servers, and gaming systems. Cramer mentioned the stock during the June 30 episode and commented:

Finally, there’s AMD, has both CPU and GPU, making it essential for the data center. CEO Lisa Su has done a remarkable job. I recommend you watching her recent commencement address at MIT.

While we acknowledge the risk and potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1