Jim Cramer Shares Why You Should Buy Advanced Micro Devices (AMD)

We have recently published Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks discussed by Jim Cramer.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares are up by a strong 55% year-to-date and by 57% over the past month. DA Davidson discussed the firm recently, as it raised the share price target to $375 from $220 and upgraded the rating to Neutral from Buy. The financial firm outlined that Advanced Micro Devices, Inc. (NASDAQ:AMD) was benefiting from growing data center demand, which was spurring demand for its CPUs. As evidenced, the firm cited recent data shared by Intel, which indicated that a shift towards agentic workloads was creating demand for server CPUs. Stifel had discussed Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares on April 19th as it raised the share price target to $320 from $280 and kept a Buy rating on the stock. The financial firm remarked that demand for accelerated and general-purpose computing appeared to be beating forecasts. Crmaer discussed Advanced Micro Devices, Inc. (NASDAQ:AMD) in the context of TSMC’s earnings:

“Very disappointing reaction. But David, it’s all about, TSMC, what they said, Taiwan Semi, was that Vera Rubin which is the latest of NVIDIA, needs a lot of CPUs. And that was the clarion call to go buy Intel, which I still think is a buy and go buy AMD which hit an all time high yesterday.”

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