Jim Cramer Discussed These 11 Stocks Before The DeepSeek Sell-Off

6. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders In Q3 2024: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a CPU and GPU designer that sells products to consumers and businesses. Despite the fact that it’s a chip stock, the shares have performed weakly lately even ahead of Monday’s DeepSeek stock sell-off. At the core of Advanced Micro Devices, Inc. (NASDAQ:AMD)’s lackluster stock performance is the firm’s inability to meet NVIDIA head-on in the AI market and perceptions about weakness in the consumer PC market. In his remarks, Cramer also commented on how the AI PC hype not materializing had hurt Advanced Micro Devices, Inc. (NASDAQ:AMD):

“the AI PC, wasn’t ready.”

“By the way AI PC was AMD. We’re gonna see now coming out, the NVIDIA PC but it’s too expensive. But it’s just not what Jensen’s [Jensen Huang NVIDIA CEO] focus. His focus is bigger. And his focus is on the trillion dollar amount that we do for building factories. It’s about making things David, making our lives longer. I mean these are big. He’s thinking much bigger than clippy two.”