Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

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

Number of Hedge Fund Holders In Q3 2024: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a chip designer that caters to the needs of the personal computing, data center, and gaming console industries. Until recently, the firm has been a star of the semiconductor industry as its massive revenue growth in the wake of Intel’s troubles has turned even its biggest detractors into its fans. However, the ongoing AI wave dominated by NVIDIA’s GPUs has cast a shadow on Advanced Micro Devices, Inc. (NASDAQ:AMD). The stock is down by 4% year-to-date as analysts question its AI market share and the strength of the PC market. Here is what Cramer said:

“[On HSBC downgrade and target cut to $110 from 200] Yeah no HSBC is not my first, when I follow the semis. But he goes from Buy to Sell. You know those are pretty big. And saying, listen there’s a weaker roadmap, they’re not being able to catch up to NVIDIA, they do believe that there’s the possibility that they will miss the numbers. David, I’ve got to tell ya, this is one where, it was not unexpected, because the stock has not moved like the others. But it’s still jarring when you read it.”