AMD briefly joined the $1 trillion club. Cramer says its monster run isn’t over
CNBC’s Jim Cramer said AMD’s run isn’t over, arguing the rise of agentic AI will drive significant demand for the company’s high-end CPUs.
TL;DR
- Jim Cramer believes AMD's remarkable turnaround under CEO Lisa Su is far from over, with agentic AI presenting a major growth opportunity.
- AMD recently surged, briefly surpassing a $1 trillion market cap, fueled partly by Meta's AI agent platform.
- Cramer asserts that the demand for CPUs will explode due to the need for more processing power to run useful AI agents, a market where AMD remains a leader.
- Under Su's leadership since October 2014, AMD's shares have surged over 18,000%, gaining significant market share in CPUs.
- AMD is also competitive in graphics processors for AI workloads, securing commitments from major AI spenders like Meta and OpenAI, and has room to grow alongside Nvidia.
- Cramer acknowledges AMD's run makes it vulnerable to pullbacks but maintains its long-term opportunity is intact.