Jim Cramer’s Bold Predictions About These 10 Tech Stocks

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

Number of Hedge Fund Holders In Q3 2024: 107

Date of Cramer’s Comments: 09-04-24

Performance Since Then: -15.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a CPU and GPU designer with a presence in the personal computing, enterprise computing, and gaming console markets. Its shares have lost 15.6% since Cramer’s remarks on the back of a variety of factors. Analysts have been left unimpressed by Advanced Micro Devices, Inc. (NASDAQ:AMD)’s ability to compete with NVIDIA in the AI GPU market. They have also expressed doubts about the firm’s PC market performance during the first half of this year. The stock slid by 6.4% during the DeepSeek panic. Here’s what Cramer had said about Advanced Micro Devices, Inc. (NASDAQ:AMD) in September:

“Very, very tough. You put a gun to my head—it’s so hard. By the way, Hock is remarkable, and they’re going to report this week. I think Lisa Su from AMD is just terrific too. It doesn’t have to be either/or because the charitable trust owns both. But, you know what? In two days, anything can happen—that’s how crazy this market is.”