Jim Cramer defends AMD after downgrade, says stock will go higher
Key Points CNBC’s Jim Cramer mentioned AMD nonetheless has vital upside, arguing AI-driven demand for CPUs will preserve pushing the stock higher. Cramer was responding to HSBC’s downgrade of AMD to carry from purchase. CNBC’s Jim Cramer pushed again on a downgrade of Advanced Micro Devices, saying the stock nonetheless has significant upside as demand…