AMD Gains 86.3% This Month, Cramer Bull Call vs Sell Rating on High P/E
Jim Cramer likened AMD to Secretariat, forecasting runaway success in the AI chip market as shares fell 3.51% despite an 86.3% rally over the past month. Another analyst issued a Sell rating, noting AMD’s P/E and PEG now exceed Nvidia’s even as margins and market share remain lower.
1. Jim Cramer’s Bullish Endorsement
Jim Cramer compared AMD to Secretariat, suggesting the company could become a runaway winner in the AI chip market. He defended AMD after a recent downgrade, highlighting AI-driven demand and CEO Lisa Su’s execution as catalysts to close the gap with Nvidia.
2. Analyst Issues Sell Rating
An analyst downgraded AMD to a Sell, citing that its P/E and PEG ratios now exceed Nvidia’s despite lower profit margins and market share. The report warned that technical overbought conditions and stretched valuation leave limited upside.
3. Upcoming Annual Stockholder Meeting
Advanced Micro Devices will hold its 2026 Annual Meeting of Stockholders virtually on May 13 at 9 a.m. PT, where forward-looking topics outlined in its proxy statement may be discussed. The meeting webcast will be replayable for one year after the event.