Why Jim Cramer Wants to Buy More AMD Stock

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How's AMD  (AMD) - Get Report looking?

"AMD unveiled its latest generation of high-performance processors. [AMD CEO Lisa] Su said today is a very exciting day for AMD, as their third-generation chips have double the performance of their closest rival. She said computing has moved to the data center and everyone from researchers to corporations want the best performance they can get," wrote Rutt.

"...When asked whether the semiconductor shortage is good or bad for AMD, Su explained that they're seeing enormous demand for all of their processors, which is very good for AMD," Rutt continued.

Cramer said his faith in AMD over Intel has a simple backing. "When you have a multi-year plan, why would you switch?" Cramer asked.

Cramer added that he would love to add more AMD stock to his Action Alerts PLUS portfolio. Subscribe to see all the names Cramer and his team like today. 

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