Cramer defends AMD after downgrade: 'This stock is going to go up much more'

Jim Cramer argued AMD still has significant upside despite HSBC's downgrade to hold from buy, saying AI-driven demand for CPUs will keep pushing the stock higher. The piece is mainly commentary rather than new company data, but it reinforces a bullish thesis around AMD's AI exposure and long-term fundamentals.

Analysis

Jim Cramer argued AMD still has significant upside despite HSBC's downgrade to hold from buy, saying AI-driven demand for CPUs will keep pushing the stock higher. The piece is mainly commentary rather than new company data, but it reinforces a bullish thesis around AMD's AI exposure and long-term fundamentals.