Advanced Micro Devices (AMD)'s Got Great Performing AI Chips, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About.  Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks on Jim Cramer talked about.

Advanced Micro Devices, Inc. (NASDAQ:AMD) crossed Jim Cramer’s radar as he discussed AI chip giant NVIDIA. Along with NVIDIA, the firm also provides AI chips that are called accelerators. On December 22nd, Rosenblatt pointed out that server shipments confirmed Advanced Micro Devices, Inc. (NASDAQ:AMD)’s server CPU total addressable market estimates of $60 billion by 2030. However, in the same month, Trust had cut the share price target to $277 from $279 as it kept a Buy rating. The financial firm explained that Advanced Micro Devices, Inc. (NASDAQ:AMD) might suffer from some near-term headwinds affecting the AI buildout in the form of power and other constraints. As for Cramer, he has mostly been appreciative of the firm’s M Series products and gone as far as to suggest that market watchers had ignored Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su’s assertions about their performance. In this appearance, he discussed the memory chip industry:

“Oh, I mean Lisa’s got the really high performance. There’s absolutely terrific level of performance in this, the MI, the 500, but I don’t like the PC business that she has. Yeah, because of the memory. There’s just not enough memory and it’s kind of wrecked the pricing structure. David, the AI PC, I’m gonna say, not. . .”

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.