AMD Gains 86% Monthly as Cramer Compares It to Secretariat, Partners with Rackspace
Jim Cramer compared AMD to Secretariat, defending it after a downgrade and pointing to AI demand and CEO Lisa Su’s execution for its 86.3% one-month rally despite a 3.5% drop on his call day. AMD also partnered with Rackspace to deliver AI infrastructure for regulated industries.
1. Jim Cramer’s Bullish Comparison
Jim Cramer likened AMD to Secretariat, defending it after a recent analyst downgrade and citing strong AI-driven demand. He emphasized CEO Lisa Su’s execution as a key factor for AMD’s potential to close its market share gap with Nvidia.
2. Stock Performance Metrics
AMD shares declined 3.5% on the day of Cramer’s remarks but have climbed approximately 86% over the past month. This rally reflects growing investor confidence in AMD’s AI chip roadmap and expanding data center product lineup.
3. Rackspace Partnership Details
AMD has formed a strategic partnership with Rackspace to provide certified AI infrastructure for regulated industries, including finance, healthcare and government. The collaboration integrates AMD EPYC processors and Instinct GPUs to meet stringent compliance and performance standards.