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Intel Chip Update Is Chance to Buy AMD Stock, Jim Cramer Says

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Despite continued effort to catch up to its chip rivals, Jim Cramer said that Intel  (INTC) - Get Free Report is still far behind Advanced Micro Devices  (AMD) - Get Free Report

Intel revealed new architectures for two x86 CPU cores, two data center SoCs, two discrete GPUs and a multicore performance hybrid architecture for clients Thursday.

Cramer applauded the efforts of CEO Patrick Gelsinger after an interview on CNBC's Squawk on TheStreet, but said AMD CEO Lisa Su continues to dominate the field. "He needs to recognize that while Intel was idle, AMD wasn’t," Cramer said. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 8/19

AMD is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio. 

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