Jim Cramer Recently Put These 10 Stocks Under Spotlight

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

Number of Hedge Fund Holders: 96

A caller asked if they should buy, sell, or hold Advanced Micro Devices, Inc. (NASDAQ:AMD). In response, Cramer said:

“Yeah, I, look, AMD is getting some business from, I understand that they’re getting some business from Jack Ma in China. The stock is not expensive. I don’t mind you buying it. I do prefer, I do prefer Nvidia though.”

Advanced Micro Devices (NASDAQ:AMD) is an international semiconductor company that develops and provides microprocessors, graphics cards, chipsets, and embedded processors. Parnassus Investments stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q4 2024 investor letter:

“Advanced Micro Devices, Inc. (NASDAQ:AMD) stock declined amid uncertainty over demand for processors, competition from NVIDIA and the company’s recently announced plans to reduce its workforce and reallocate investment among business segments.”

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

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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