Jim Cramer defends AMD on AI-driven CPU demand after downgrade

5 articles · Updated · CNBC · May 4

He spoke after HSBC cut AMD to hold from buy; shares fell more than 4% Monday but remain about 58% higher over the past month.
Cramer said CPUs used in agentic AI should keep lifting AMD, dismissing HSBC's view that strong server-chip expectations and Taiwan Semiconductor manufacturing limits could cap upside.
HSBC argued Intel, which runs its own foundries, is better placed for upside surprises and kept a buy rating on it, while AMD is due to report first-quarter earnings after Tuesday's close.

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