Jim Cramer on Advanced Micro Devices: “I Think This is the Pause That Refreshes”

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks highlighted by Jim Cramer in the lightning round. Noting that the stock is down, a caller inquired about AMD. Here’s what Cramer had to say in response:

“I think this is the pause that refreshes. I like the pullback. I’m surprised we’re even getting it. I think that Lisa Su has got something big going on with this MI400, that’s a competitor to NVIDIA. There’s room for them even if they do billions and billions of dollars in that category. They’ll get their fair share. I want you to buy some.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and supplies a wide range of semiconductors, including AI accelerators, x86 processors, GPUs, FPGAs, and adaptive SoCs. The company’s products are used in applications across data centers, consumer devices, embedded systems, and hyperscale computing. When a caller asked Cramer about the stock and if the CEO can make it a trillion-dollar market cap company, he replied:

“I don’t know, but it’s going in the right direction. I mean, they obviously have now good GPUs. There’s a GPU shortage everywhere. Stock’s had a real big run off the bottom. I do think it could have a pullback, but I do think that she’s got what it takes to be able to take that stock much higher.”

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