'Buy, Buy, Buy,' Jim Cramer On Nvidia Rival AMD: 'Has Been In The Penalty Box Long Enough'
Portfolio Pulse from Benzinga Neuro
'Mad Money' host Jim Cramer has endorsed Advanced Micro Devices (NASDAQ:AMD) as a buy, highlighting its recent strategic partnership with Sony Semiconductor Solutions to advance LiDAR technology for autonomous vehicles. This collaboration aims to improve the performance and reliability of autonomous driving technologies. Additionally, investor sentiment around AMD is growing on social platforms, with expectations for the stock to significantly increase by year-end. AMD's stock closed at $178.68, experiencing a slight decrease, while Nvidia's stock saw a minor increase, closing at $914.35.
March 22, 2024 | 11:00 am
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POSITIVE IMPACT
Jim Cramer's endorsement and AMD's partnership with Sony Semiconductor Solutions for advancing LiDAR technology in autonomous vehicles have spotlighted AMD as a strong investment opportunity.
Jim Cramer's positive outlook and the strategic partnership with Sony Semiconductor Solutions are likely to boost investor confidence in AMD, potentially leading to a short-term increase in its stock price. The growing sentiment on social platforms further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100