We recently published 11 Stocks on Jim Cramer’s Radar. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer recently discussed.
Cramer discussed GPU designer Advanced Micro Devices, Inc. (NASDAQ:AMD) ‘s role in the semiconductor industry and its CEO, Dr. Lisa Su:
“[After Carl Quintanilla pointed out Melius saying when AMD gave guidance on semi and network TAM in 23 it seemed cartoonish and it turned out to be right] I went out to dinner with Lisa Su when she was using a $400 billion number for 2030. She was very discounseled, people just didn’t believe her. She’s very different, they’re picks and shovels. They’re picks and shovels of this thing. Picks and shovels has made out in every single of the rushes. The gold rush, everything. And she’s real, but she’s playing with real money. Now I think Andrew correctly pushed her from the money from OpenAI.
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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
