Was Jim Cramer Right About Advanced Micro Devices, Inc. (AMD)?

We recently published a list of Was Jim Cramer Right About These 12 Stocks? In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 16, a caller on the Mad Money show asked whether to buy, sell, or hold Advanced Micro Devices, Inc. (NASDAQ:AMD), amid the AI chip arms race. Cramer praised Lisa Su and backed AMD’s GPU pipeline back then:

“AMD? Lisa Su is doing a terrific job. I think she’s going to revise up how many of these GPUs — of the really good chips — she’s going to have and how much she’s going to sell. I think you buy AMD here.”

AMD did not live up to expectations, falling 27.95% after Cramer called it a buy based on AI strength. A close up of a complex looking PCB board with several intergrated semiconductor parts.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is navigating intense AI competition, and while its product pipeline is strong, investors expected more near-term upside. Talking about the company ahead of its earnings in early May, Cramer tried to maintain his bullish outlook:

“After the close, we want to hear great things about demand from Advanced Micro Devices, AMD. Perhaps we get the news that AMD’s selling that manufacturing part of the ZT Systems. That’s a company they acquired for $4.9 billion in cash and stock in March. Now that could give this stock a lot of juice.”

Overall, AMD ranks 2nd on our list of stocks that Jim Cramer discusses. 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 AI stock that is more promising than AMD and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock.

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