Jim Cramer’s Hottest 10 Stock Picks

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

Number of Hedge Fund Investors: 124

Jim Cramer emphasized that Advanced Micro Devices, Inc. (NASDAQ:AMD) is not just competing with Nvidia; it is dominating the market. According to Cramer, Advanced Micro Devices, Inc. (NASDAQ:AMD) is capturing a substantial portion of the market, far surpassing NVIDIA Corporation (NASDAQ:NVDA)’s high-end chip offerings.

“This is not the Intel of old, even though we want it to be. …AMD isn’t nipping at their heels. AMD is dominating. It’s actually taking gobs of market share.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) is increasingly attractive due to several key factors. Advanced Micro Devices, Inc. (NASDAQ:AMD) has a strong reputation in gaming, with its GPUs and CPUs being popular among gamers and video editors. This success is evident from a 49% year-over-year rise in CPU sales.

Over the past decade, Advanced Micro Devices, Inc. (NASDAQ:AMD) has surged nearly 5,000%, reflecting impressive long-term growth. Revenue and operating income have also skyrocketed, up 312% and 169%, respectively. As Advanced Micro Devices, Inc. (NASDAQ:AMD) ventures into artificial intelligence (AI), the potential for substantial gains is high, with continued expansion in this rapidly growing sector.