Jim Cramer’s Bold Predictions About These 12 AI Stocks

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7. 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: -12.80%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a chip designer that makes and sells CPUs, GPUs, and other chips. The firm has faced a tumultuous time on the stock market since Cramer’s remarks as it has been unable to cash in on AI demand. Analysts are also worried about Advanced Micro Devices, Inc. (NASDAQ:AMD)’s personal computing market. The firm’s stock fell by nearly 12% in December after multiple analysts downgraded the stock and cut the share price target. These included a Bank of America note that warned about a sluggish PC market in H1 2025. Here’s what Cramer said about Advanced Micro Devices, Inc. (NASDAQ:AMD) in September:

“Very, very tough. . . I think Lisa Su from AMD is just terrific too. It doesn’t have to be either/or [AMD or AVGO] because the charitable trust owns both. But, you know what? In two days, anything can happen—that’s how crazy this market is.”

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