We recently published 13 Stocks Jim Cramer Talked About. Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the stocks that Jim Cramer talked about.
Advanced Micro Devices Inc. (NASDAQ:AMD) designs and sells chips used for gaming, personal computing, AI, and other applications. Its shares are up by 83% over the past year but down by 7% year-to-date. Goldman Sachs discussed the shares in February. The bank kept a Neutral rating and a $210 share price target on Advanced Micro Devices Inc. (NASDAQ:AMD)’s shares. Goldman discussed the firm’s latest earnings report and noted that while revenue and guidance were strong, the chip designer’s operating expenses were worrisome. Advanced Micro Devices Inc. (NASDAQ:AMD)’s shares had dipped by a stunning 17% following the firm’s fourth quarter earnings report. UBS lowered the share price target in February to $310 from $330. It kept a Buy rating on the stock and added that the future for the firm was uncertain, given its $1 billion gaming cut. Cramer discussed Advanced Micro Devices Inc. (NASDAQ:AMD)’s share price performance following the earnings:
“Well AMD was down way too much. I spoke to Lisa, it was not that bad, I think that she was very under promised so she could over deliver at the end of the year. But she felt she gave a good acquittal of herself.”
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Disclosure: None. This article is originally published at Insider Monkey.