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AMD's stock has seen significant growth over the past decade, rising 5,110% as it gained market share against Intel and Nvidia. Despite a flat performance in the last year due to a cooling PC market, AMD's revenue is expected to rise 22% year-over-year in Q4, driven by its expanding data center business and new product launches. Analysts project strong growth for 2025, making AMD an attractive investment compared to its competitors.
Stocks ended little changed on Friday, with the S&P 500 and Dow posting weekly losses, marking the Dow's longest losing streak since February 2020. Broadcom surged 24% to surpass a $1 trillion market cap, driven by a bullish AI sales forecast, while Tesla hit a record high. The Dow struggled amid a significant drop in UnitedHealth shares following the CEO's fatal shooting, as economic data suggests a potential rate cut from the Federal Reserve next week.
Broadcom's stock surged over 21% after the company projected AI chip sales could reach $60 billion to $90 billion by fiscal 2027, up from $12.2 billion in 2024. CEO Hock Tan highlighted strong demand from major clients like Google, Meta, and ByteDance, with additional potential from Apple and OpenAI. Analysts responded positively, raising price targets and noting Broadcom's competitive edge in the AI chip market.
Cramer described the recent analyst downgrade of AMD as 'cogent,' yet he remains optimistic about the stock's potential. Lisa Su, the chair and CEO of Advanced Micro Devices, made an appearance at the 2023 CES event in Las Vegas on January 4, highlighting the company's ongoing initiatives.
Jim Cramer has declared AMD stock a buy following Intel's unexpected CEO retirement, highlighting AMD's competitive edge. At the AMD Advancing AI event, CEO Lisa Su introduced new accelerator chips designed to outperform rival offerings in running artificial intelligence software.
AMD will lay off approximately 1,000 employees, or 4% of its workforce, as it aligns resources with growth opportunities amid increasing AI competition. Despite strong performance against Intel in the x86 market, AMD faces challenges in the AI chip sector, lagging behind Nvidia. The company anticipates $5 billion in AI chip sales this year, while its stock has declined, contrasting with Nvidia's significant market gains.
Volatility in the technology sector is expected to rise following new US export controls on advanced chips, particularly affecting Taiwan Semiconductor Manufacturing (TSMC) and its Chinese clients. UBS strategists anticipate that while semiconductor stocks may initially drop due to these restrictions, strong fundamentals and increased AI investments will support a rebound. Major tech firms are projected to boost AI spending significantly, benefiting companies involved in AI semiconductors.
UBS has lowered its price target for AMD from $210 to $205 while maintaining a Buy rating. Although AMD's revenue guidance aligns with expectations and other segments are no longer seen as headwinds, some investors may be disappointed. UBS anticipates that 2025 could be a transitional year for the AI narrative.
Jim Cramer emphasized the importance of transparency from CEOs regarding poor quarterly results, stating that management must clearly explain any earnings shortfalls to avoid investor distrust. He highlighted recent earnings reports from AMD, Eli Lilly, and Wingstop, noting that lack of clarity in their communications led to negative market reactions. Cramer likened the situation to a criminal trial, where failure to acknowledge faults can lead to harsher consequences.
The Nasdaq Composite reached a new high, with notable stock movements including a 1.2% rise for Microsoft and a 27% increase for Meta Platforms over the past three months. Advanced Micro Devices saw a 7% drop in after-hours trading despite a strong earnings report, while Eli Lilly and other pharma companies are set to report soon. Homebuilders are struggling, with the SPDR S&P Homebuilders ETF down 8.6% since mid-October, reflecting rising yields impacting the sector.

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