Here’s What Jim Cramer is Saying About These 10 Stocks

1. Advanced Micro Devices Inc. (NASDAQ:AMD)

Number of Hedge Fund Investors: 108

Jim Cramer recommended buying more Advanced Micro Devices Inc. (NASDAQ:AMD), noting its steady upward trend this week. He praised Lisa Su for a successful acquisition and highlighted Advanced Micro Devices Inc. (NASDAQ:AMD)’s excellent products, particularly for accelerated computing and AI.

“I think you can buy more. AMD has been on a steady upward trend this week, and Lisa Su made a great acquisition. Her products, especially for accelerated computing, are terrific. Yes, for AI and generative AI, they are outstanding. Buy more AMD, just as we’ve been doing for the club.”

Advanced Micro Devices Inc. (NASDAQ:AMD) is a strong investment due to its leading role in high-performance computing and graphics. Advanced Micro Devices Inc. (NASDAQ:AMD)’s Ryzen processors, EPYC server chips, and Radeon GPUs have successfully competed against Intel Corporation (NASDAQ:INTC) and NVIDIA Corporation (NASDAQ:NVDA). Advanced Micro Devices Inc. (NASDAQ:AMD)’s advancements in its Zen architecture and use of 5nm process technology boost its performance and efficiency, positioning it for ongoing success.

Advanced Micro Devices Inc. (NASDAQ:AMD) has been steadily gaining market share in both CPUs and GPUs, with its products being popular among consumers, enterprises, and cloud providers. In fiscal year 2023, Advanced Micro Devices Inc. (NASDAQ:AMD) achieved $23.6 billion in revenue, a 21% increase from the previous year, driven by improved gross margins and strong cash flow.

Advanced Micro Devices Inc. (NASDAQ:AMD) is well-positioned to benefit from the rising demand for data center and AI solutions, especially with its EPYC processors and the recent acquisition of Xilinx, which adds field-programmable gate arrays (FPGAs) and adaptive computing to its portfolio. Strategic partnerships with major tech firms and their resilience against competitors further enhance Advanced Micro Devices Inc. (NASDAQ:AMD)’s growth prospects.

While we acknowledge the potential of Advanced Micro Devices Inc. (NASDAQ:AMD), our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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