Semiconductor · CNBC Technology
Cramer's comments come after HSBC downgraded AMD to a hold rating from buy
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The firm's semiconductor analysts said while demand remains strong, AMD may struggle to exceed already elevated expectations for server CPU growth.
Key facts
- Shares of AMD fell more than 4% on Monday, though they're still up roughly 58% over the past month
- Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, does not currently own shares of AMD
- Advanced Micro has CPUs, and CPUs are what is being used by agents," Cramer said Monday during the CNBC Investing Club's Morning Meeting, a daily breakdown of the biggest market stories
- CNBC's Jim Cramer pushed back on a downgrade of Advanced Micro Devices, saying the stock still has meaningful upside as demand for its chips continues to surge
Summary
CNBC's Jim Cramer pushed back on a downgrade of Advanced Micro Devices, saying the stock still has meaningful upside as demand for its chips continues to surge. AMD makes both CPUs and another kind of chip used for AI computing called GPUs, short for graphics processing units. Cramer's comments come after HSBC downgraded AMD to a hold rating from buy.