Jim Cramer Says “Go Buy AMD and Intel Like Everyone Else” During CPU Supply Shortage

Advanced Micro Devices, Inc. (NASDAQ:AMD) was among Jim Cramer’s stock calls, as he discussed the rising market speculation. Cramer said that investors should buy companies like AMD when CPUs “are in short supply.”

Seriously, you want exposure to this area? Last night, Taiwan Semi, the actual maker of chips for NVIDIA, said that CPUs are in short supply. That means go buy AMD and Intel like everyone else. Those stocks are up a lot, but it’s certainly better than buying this convert, buying the stock [of Allbirds].

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and manufactures processors, graphics cards, and AI chips for computers, servers, and gaming systems. The company’s products include Ryzen, Radeon, and EPYC. On March 12, Cramer praised the company and its CEO, as he remarked:

Alright, now, this is very interesting because I have, because we own such a big position in NVIDIA, I don’t want to own its biggest competitor, which is AMD. But you know what, if I didn’t own NVIDIA, I most certainly would. It is a dog fight, and Lisa Su is fabulous.

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.