Jim Cramer Says AMD Under $150 Would Be 'Terrific' But 'It Doesn't Have What Nvidia Has'
Portfolio Pulse from Benzinga Neuro
Jim Cramer commented on AMD, stating that while AMD under $150 would be 'terrific,' it still doesn't match Nvidia's capabilities. Despite AMD's progress in the tech industry, including securing 33% of the server CPU market and expanding partnerships, it faces challenges in competing with Nvidia, especially in the AI sector.
May 31, 2024 | 11:04 am
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POSITIVE IMPACT
Jim Cramer highlighted Nvidia's superior position compared to AMD, especially in the AI sector. Nvidia's stock saw a slight increase in the pre-market session, reflecting its strong market position.
Cramer's positive remarks about Nvidia's market position, particularly in AI, suggest a bullish short-term outlook for Nvidia.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jim Cramer believes AMD under $150 would be a great buy but notes it still lags behind Nvidia in certain areas. Despite AMD's progress in the server CPU market and new partnerships, it faces challenges in the AI sector.
Cramer's comments suggest a bearish short-term outlook for AMD, especially given its current price above $150 and its competitive challenges against Nvidia.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100