AMD Making 'Great Progress' With AI Giants: Jim Cramer Says AI Chip Story Is 'Not Just Jensen Huang'
Portfolio Pulse from Adam Eckert
AMD is making significant strides in the AI chip market, with CEO Lisa Su predicting a major AI supercycle. Jim Cramer supports AMD's potential, highlighting its partnerships with major tech companies. Despite positive earnings, AMD shares fell 9.54%.
October 30, 2024 | 5:16 pm
News sentiment analysis
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NEUTRAL IMPACT
NVIDIA remains a dominant player in the AI chip market, but AMD's progress suggests increasing competition.
While NVIDIA is a leader in AI chips, AMD's advancements and partnerships indicate rising competition. This could impact NVIDIA's market share in the future.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
AMD is gaining traction in the AI chip market, with strong partnerships and a positive earnings report. However, shares fell 9.54% despite these developments.
AMD's strong earnings and partnerships with major tech companies like Meta and Microsoft indicate growth potential in the AI market. Despite this, the stock price fell, possibly due to market volatility or profit-taking.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100