Jim Cramer Reveals Why Advanced Micro Devices (AMD) Was Successful

We have recently shared Jim Cramer Made A Big Prediction About OpenAI & Discussed These 20 Stocks. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks discussed by Jim Cramer.

Chip designer Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares are up by 56% year-to-date and by a strong 71% over the past month. Since the 23rd of April, when chip manufacturing giant Intel reported its latest earnings, they are up by 14%. Analysts from Roth, Barclays, and DA Davidson recently discussed the firm. DA Davidson bumped the rating to Buy from Neutral and raised the share price target to $375 and commented that Intel’s earnings had shown the potential of CPUs when it came to the artificial intelligence buildout. However, Barclays warned about the downside risks and outlined that Advanced Micro Devices, Inc. (NASDAQ:AMD) could experience a higher share loss. Roth outlined that greater expectations about the AI buildout were also impacting the firm. Cramer discussed the firm’s CEO:

“Remember Lisa Su, during this period where Intel was fallow, the so-called Gelsinger period. That’s when she made her move, Lisa Su, and just went all in. She also has good GPUs. They have supply, see they have supply. . . and that’s going to be huge because of what Elon Musk is doing. . .”

Jim Cramer Reveals Why Advanced Micro Devices (AMD) Was Successful

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.

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