Jim Cramer Discusses Key Factor For Advanced Micro Devices (AMD)

Chip decorator Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares were dealt a hefty stroke earlier this week erstwhile closed down by a monolithic 17%. The dip came aft the firm’s 4th fourth net report. While Advanced Micro Devices, Inc. (NASDAQ:AMD) reported $10.27 cardinal successful gross and $1.53 successful adjusted net to bushed expert estimates of $9.67 cardinal and $1.32, media reports suggested that adjacent though its archetypal 4th guidance of $9.8 cardinal successful gross bushed expert estimates of $9.38, it was little than expectations held by immoderate quarters. Following the earnings, Benchmark reiterated a $325 stock terms people and a Buy standing for Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares. The fiscal steadfast outlined that the spot company’s woody with OpenAI and different partnerships represented tailwinds successful the signifier of aboriginal gross opportunities. Cramer besides commented connected the beardown request for AI chips and highlighted a cardinal origin for Advanced Micro Devices, Inc. (NASDAQ:AMD)’s products:

“AMD, I thought that Lisa Su fundamentally said, look the 2nd fractional is going to beryllium good, the archetypal 4th was not outrageously beardown truthful to speak. But the stock’s hardly down. The stock’s hardly down.

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