Advanced Micro Devices, Inc. (AMD): They Have A Really Good AI Chip, Says Jim Cramer

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Jim Cramer Says Oil Can Get Cheaper & Discusses These 12 Stocks .

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor designer whose shares have been on quite a run in June. The stock has gained 29.50% in this month so far primarily due to shifting analyst sentiments about its AI exposure. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares have benefited as analysts from CFRA and Melius have both upgraded the shares on the back of the firm’s ability to close the competitive gap with NVIDIA when it comes to AI GPUs. Tight NVIDIA GPU supplies have generated quite a bit of space for alternatives, and positive sentiment about Advanced Micro Devices, Inc. (NASDAQ:AMD) opens up space for the firm to sell its products. Crmaer’s previous comments about the firm have speculated that it might be part of US trade negotiations with China. They have also called the company a GPU ‘charnel house’ and shared that Cramer’s club is limiting its exposure to the stock as a result. His latest remarks about Advanced Micro Devices, Inc. (NASDAQ:AMD) discussed the recent share price movement:

“Well because AMD, because the have a secondary, they have an inference chip that’s really good.”

In his previous comments, Cramer discussed Advanced Micro Devices, Inc. (NASDAQ:AMD)’s ZT Systems acquisition which enables it to supply server racks:

“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.”

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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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