Cramer acknowledges AMD downgrade but remains optimistic about the stock

Cramer has praised the recent analyst downgrade of Advanced Micro Devices (AMD) as a well-thought-out assessment of the company's current position.

Despite this downgrade, Cramer remains positive about the stock's potential, indicating confidence in AMD's future performance.

Lisa Su, the chair and CEO of AMD, appeared at the 2023 CES event in Las Vegas on January 4, where she likely discussed the company's strategic direction and innovations.

The event served as a platform for AMD to showcase its advancements and reaffirm its commitment to growth in the competitive semiconductor market.

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