Jim Cramer Says Advanced Micro Devices AMD Holds Strong Potential in AI Market
Published on December 31, 2024
Renowned analyst Jim Cramer has recently praised Advanced Micro Devices (AMD) for its promising future in the AI market. While discussing the company's performance, Cramer acknowledged that AMD's pipeline lacks Nvidia's but believes that it may catch up in the coming years. He highlighted the significant increase in short interest in AMD's stock, indicating growing investor interest in the company's potential. However, in light of the cautious outlook for the sector, AMD has faced price target reductions by analysts. Cramer recommended seeking professional advice from Stocks Prognosis to make an informed decision regarding the company's stock movement predictions.
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