AMD - 'Buy Buy Buy' Jim Cramer On Nvidia Rival AMD: 'Has Been In The Penalty Box Long Enough' | Benzinga
“Mad Money” host Jim Cramer recently put a spotlight on Advanced Micro Devices (NASDAQ:AMD), signaling a green light for investors to consider the stock. Here’s what has stirred up the market.
What Happened: On Thursday’s episode of CNBC’s “Lightning Round,” Cramer expressed a positive outlook on AMD, recommending the stock as a buy.
"I like AMD here. I think AMD has been in the penalty box long enough [buy, buy, buy!],” he said.
See Also: Nvidia Could Be Next After Apple To Face Lawsuit From DOJ, Says Jim Cramer
Why It Matters: AMD recently announced a strategic partnership with Sony Semiconductor Solutions (SSS) to advance LiDAR technology for autonomous vehicles. This collaboration aims to enhance the performance of SSS’s LiDAR systems, promising exceptional accuracy and reliability ...