AMD (AMD) is Facing a Shortage That Can't Be Met, Says Jim Cramer

We recently published 13 Stocks Jim Cramer Commented On. Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer commanded on.

Advanced Micro Devices Inc. (NASDAQ:AMD) designs and sells computer chips that are used in computers, data centers, and other applications. The shares are up by 119% over the past year and by 13% year-to-date. Citi discussed Advanced Micro Devices Inc. (NASDAQ:AMD) in mid-January as it kept a Neutral rating and a $260 share price target. The financial firm discussed the technology company’s AI business and margin. Along with Citi, RBC Capital also discussed Advanced Micro Devices Inc. (NASDAQ:AMD) in January. The firm initiated the stock with a Sector Perform rating and a $230 share price target as it commented that the chip company’s shares already account for the ramp-up of crucial AI chips. Jefferies and Truist also discussed Advanced Micro Devices Inc. (NASDAQ:AMD)’s shares this month. Jefferies kept a Buy rating while Truist kept a Buy rating and a $277 share price target. In his recent remarks about the firm, Cramer has praised its CEO and AI chips. In this appearance, he commented on the demand for the firm’s products and the share price performance:

“Okay, so, here’s the ones that have a shortage that can’t be met. . . .Advanced Micro. . .Those stocks are up. . .16 at Advanced Micro. . .this is from the year began.”

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