Jim Cramer Says Buy Nvidia and AMD

Author:
Publish date:
Video Duration:
1:08

Do you have AMD or Nvidia in your portfolio?

TheStreet's Eric Jhonsa wrote about AMD last night.

"Over the last few days, multiple reports have indicated that AMD plans to replace three CPUs within its third-gen Ryzen desktop CPU lineup, which launched last summer, with products that would deliver 5% to 10% more performance thanks to slightly higher base and boost clock speeds. Specifically, the 12-core Ryzen 9 3900X, 8-core Ryzen 7 3700X and 6-core Ryzen 5 3600X would be replaced by CPUs known as the 3900XT, 3700XT and 3600XT, respectively, with list prices remaining unchanged," wrote Jhonsa.

"Assuming recent reports are accurate, AMD will be updating its third-gen Ryzen desktop lineup during a year in which (as confirmed during AMD’s March analyst day event) it plans to launch its first fourth-gen PC CPUs. Those CPUs should deliver bigger performance gains relative to comparable third-gen Ryzen desktop offerings, thanks to the use of AMD’s next-gen, Zen 3, CPU core microarchitecture and potentially higher clock speeds," he continued.

Read more from Jhonsa here. 

So, what does this mean for AMD in the long run?

Jim Cramer says that, for him, it's still a buy.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

Watch More of the Latest Videos on TheStreet and Jim Cramer