Jim Cramer Discusses These 10 Stocks & Says He’s In Waiting For AI GPU Spending Clarity

7. 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 has struggled over the past six months. The firm’s shares have lost 14% over this time period primarily due to the fact that not only has it not kept up with NVIDIA in the AI GPU market but also because analysts have also soured on the PC CPU market for this year. Yet, its lack of AI exposure meant that Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock lost a mere 6.4% during the DeepSeek selloff while other stocks bled double-digit percentages. Cramer discussed an interesting aspect of the firm related to the selloff and potentially lower AI development costs:

“I was surprised that Advanced Micro actually went own because people feel that hey listen, if this stuff is really easy, let’s put it on AMD. I would love to see Lisa Su talk about it. We’re in quiet period for everybody. You can’t get the stuff that you’d like.”