“Advanced Micro Devices (AMD) Was Terrific,” Says Jim Cramer

Advanced Micro Devices, Inc. (NASDAQ:AMD) reported its third-quarter net past week that smashed expert gross estimates retired of the park. During the quarter, the firm’s gross sat astatine $9.25 cardinal portion analysts had penciled successful $8.74 billion. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s net per stock of $1.20 besides bushed estimates of $1.16. More recently, concern slope Morgan Stanley reiterated its Equalweight standing connected the shares and a $260 stock terms people arsenic it commented that Advanced Micro Devices, Inc. (NASDAQ:AMD)’s MI450 AI spot would request to summation marketplace stock to warrant its valuation. Cramer discussed the net and the broader sentiment surrounding spot stocks:

“I talked to. . .AMD was terrific, I [inaudible] to Lisa, it was conscionable an astonishing quarter. It was an astonishing quarter, but that cohort’s, cohort’s down. Well due to the fact that if you request backstop and past you instrumentality distant the backstop, and erstwhile you accidental China and past you instrumentality backmost China, past you’re like, you’re taking it back.”

While we admit the imaginable of AMD arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.