Jim Cramer Recommends These 10 Stocks

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

Number of Hedge Fund Investors: 108

Jim Cramer notes that Advanced Micro Devices Inc. (NASDAQ:AMD) is acquiring server maker ZT Systems for $4.9 billion in cash and stock. This deal will boost Advanced Micro Devices Inc. (NASDAQ:AMD)’s capabilities in server-scale solutions, which are vital for AI computing, helping it compete better against NVIDIA Corporation (NASDAQ:NVDA). (see 33 Most Important AI Companies You Should Pay Attention To).

“Advanced Micro Devices announced a $4.9 billion cash-and-stock acquisition of server maker ZT Systems. The deal should help the chipmaker in its battle with fellow Club holding Nvidia because server-scale solutions are increasingly important in the age of AI computing.”

Advanced Micro Devices Inc. (NASDAQ:AMD) is set for significant growth due to its strong range of products, including Ryzen CPUs, Radeon GPUs, and EPYC server processors. Advanced Micro Devices Inc. (NASDAQ:AMD) has gained substantial market share in both consumer and enterprise sectors by delivering competitive performance, energy efficiency, and innovative technology. Advanced Micro Devices Inc. (NASDAQ:AMD)’s EPYC processors are particularly notable for making strides in the data center and server markets, challenging Intel’s long-time dominance and winning major clients like Google and Microsoft.

Advanced Micro Devices Inc. (NASDAQ:AMD)’s focus on next-generation technologies, such as its Zen microarchitecture and RDNA graphics architecture, keeps it at the cutting edge. With the semiconductor industry booming due to increased demand for high-performance computing, gaming, and artificial intelligence, Advanced Micro Devices Inc. (NASDAQ:AMD)’s advanced products and technological leadership further boost its growth potential.