Reddit discussions surrounding Advanced Micro Devices, Inc. (AMD) have been buzzing with reactions to Jim Cramer's recent comments on the company. Cramer allegedly sold AMD shares and criticized the company on his show, which some Reddit users interpret as a potential bottom signal for the stock. One user humorously noted, "There is no greater bottom signal than Cramer trashing your company on his show." Another user expressed skepticism about Cramer's reasoning, suggesting that hyperscalers' interest in custom chips over GPUs might not significantly impact AMD's prospects. Meanwhile, Wolfe Research's comments on AMD's AI guidance have sparked debate, with some users questioning the validity of Wolfe's concerns and others noting the lack of visibility into AMD's AI-related sales.
In addition to the Cramer and Wolfe Research discussions, Redditors are also analyzing AMD's technical indicators and market position. Some users are optimistic about a potential bounce, with one stating, "AMD keeps trying to lurch lower into oversold territory and buyers keep stepping in." However, others remain cautious, pointing out that AMD's stock has been under pressure and could face further challenges without clear guidance on AI revenue. The community is divided on whether AMD's current price levels represent a buying opportunity or if further declines are possible.
The current price of AMD stock is $125.92, reflecting a 0.72% increase from the previous close of $125.02.