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We Need To Talk About Advanced Micro Devices (AMD) Millionaires, Says Jim Cramer

We recently published Jim Cramer’s 12 Fresh Stocks & Quantum Computing Trading Strategy. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer recently discussed.

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and sells CPUs and GPUs that are used in the consumer and enterprise spaces. Its GPUs are also used for AI computing, and Cramer discussed the firm’s role in a PC shortage outlined by Intel CFO and CEO Lisa Su’s performance:

“David Zinsner, who’s a fantastic CFO, remember I mean Micron, he’s just a genius. He says listen, supply constraints, supply constraints, supply constraints. . .AMD is going to go up again. They all play a role. . .

“I’ve been talking to a lot of people who are NVIDIA millionaires. And I’m thrilled, they’re regular people. Maybe we should start thinking about Lisa Su millionaires. So this month in 2014, she came in, the company was worth 2.5 billion dollars and now it’s worth 400 billion dollars. And it’s up again today. She stayed in PC. She moved aggressively into the data center. Lisa Su is one of the greatest executives of all time.

“You had to buy it. I mean there was a period where she was telling me, look, Jensen’s way ahead. But now she’s saying, the gap has closed. Now of course there’s a new iteration that NVIDIA has next year, we have to rethink. But, congratulations again to Lisa Su, you know this 2014 is 11 years. Look what she’s done.”

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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