Jim Cramer Slams AMD Downgrade
Key takeaways
- Jim Cramer Slams AMD Downgrade Syeda Seirut Javed Sun, May 10, 2026 at 1:36 AM GMT+7 2 min read AMD Advanced Micro Devices, Inc.
- In November, she (CEO, Lisa Su) thought that her CPU market would grow at about an 18% clip.
- I said on air, I told you I thought it was fanciful and would be wrong.
Jim Cramer Slams AMD Downgrade Syeda Seirut Javed Sun, May 10, 2026 at 1:36 AM GMT+7 2 min read AMD Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Cramer noted how the analyst downgrade of the stock was wrong, as he stated:
In November, she (CEO, Lisa Su) thought that her CPU market would grow at about an 18% clip. Turns out, here we are in May, it’s growing at 35%. That’s AMD’s core business. So, that stock’s not going to want to, they’re not going to take weeks or months for AMD stock to go higher. It’s going to happen now. Hey, speaking of AMD, which shot up more than 18% today, there was a piece of research that came out the day before this extraordinary quarter, a downgrade from a Buy to a Hold by a prominent investment house. That’s right, Buy to Hold, AMD.
I said on air, I told you I thought it was fanciful and would be wrong. In the meantime, I’m sure it scared a lot of people out of the stock because it came out right on the eve of the quarter. When an analyst downgrades right before earnings, people assume they must know something. This time, that was very wrong. Very first sentence in the piece was about as wrong as you can get, “First quarter results and second quarter guidance to be in line with our estimates and consensus, as possible upside is limited.”