CNBC's Jim Cramer said investors shouldn't give up on semiconductor stocks despite the recent sell-off, arguing that strong demand for chips continues to support the industry's long-term growth. Cramer highlighted Micron's long-term customer agreements and the expanding use of CPUs from Intel and AMD as reasons the sector's underlying fundamentals remain strong.
Scaleway to build AMD-powered AI supercomputer in Sweden
Nvidia and AMD stocks slipped again in Tuesday's premarket trading after four consecutive declines, while Intel stock briefly bucked the move before reversing as pressure spread across the chip sector. Nvidia and AMD were both notably lower early Tuesday.
Advanced Micro Devices is experiencing explosive growth in both AI GPU and premium server CPU markets, now leading in high-end server CPUs. Recent forecasts project AMD's CPU server sales could exceed $50 billion in 2027, with consensus revenue and EPS estimates rising sharply. AMD's AI data center revenues are accelerating, driven by major deals with OpenAI, Meta, and Anthropic, supporting a path to $30+ EPS by at least 2028.
Advanced Micro Devices (AMD) closed the most recent trading day at $594.24, moving 2.28% from the previous trading session.
The chip makers introduced hardware and software designs for future AI data centers, but the revenue potential is still far out, an analyst says.
Both AMD and NVIDIA just posted record Data Center quarters, and their next platforms are shipping months apart. That timing gap could decide which stock wins the rest of 2026.
AMD has surged 184% this year and now trades above $600, but the real question is whether its Helios chip ramp can grow into that valuation before the market loses patience with a 155x trailing multiple.
AMD (AMD -2.03%) has been one of the most volatile stocks in the market this year.
CNBC's Cramer favors established AI winners despite valuation concerns. Here are ETFs offering diversified exposure to his top stock picks.
A $10,000 bet on AMD in 2011 grew into more than $1.
Cathie Wood is cutting exposure to two high-profile growth trades while adding to a defence stock that Wall Street increasingly thinks has fallen too far. ARK Invest sold 29,048 SpaceX shares worth about $4.7 million on Thursday and 22,500 AMD shares valued at nearly $14 million.