Jim Cramer’s Latest Game Plan: 20 Stocks to Watch

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

Number of Hedge Fund Holders: 108

Cramer likes Advanced Micro Devices, Inc. (NASDAQ:AMD) and called it a “long-term terrific story”.

“Just say you like AMD as we do for the Charitable Trust. We know that AI is big big big. Big enough for more than just one chip maker. AMD won’t catch NVIDIA, but it will do enough to take chunks of the business. Plus, it has tremendous PC exposure right into the teeth of a big PC refresh cycle. We’re buying more AMD in any weakness for the Trust because this is a long-term terrific story.”

Advanced Micro Devices (NASDAQ:AMD) has established itself as a significant player in the semiconductor industry. The company has gained substantial traction among personal computer manufacturers due to the popularity of its GPUs, central processing units (CPUs), and neural processing units (NPUs).

Its Ryzen AI 300 series NPUs are set to power various computing platforms from manufacturers such as Microsoft, Asus, Lenovo, and HP. CEO Lisa Su highlighted in July that a significant increase in the adoption of Instinct MI300 GPUs contributed to this product family surpassing $1 billion in quarterly revenue for the first time. In the second quarter, the company reported $2.8 billion in data center sales, marking an impressive 114% increase compared to the same period last year.

On October 10, Advanced Micro Devices (NASDAQ:AMD) hosted an event titled “Advancing AI,” where Lisa Su revealed details about the next generation of chips. During this event, she also announced plans to introduce the MI350X GPU in the upcoming year, which is set to directly compete with Nvidia’s Blackwell chips, with shipments expected to commence in the latter half of 2025.