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 potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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