Jim Cramer Wonders Whether AMD’s (AMD) AI GPUs Are Equal Or Better Than NVIDIA’s

Core Insights - Advanced Micro Devices, Inc. (NASDAQ:AMD) announced a deal with OpenAI to supply chips and acquire a 10% stake, which positively impacted its stock price [1] - Jim Cramer highlighted the significance of this partnership, suggesting it validates the total addressable market and AMD's competitive position against NVIDIA [1] - Cramer expressed confidence in AMD's MI450 chip, indicating it may be equal or superior to NVIDIA's offerings, and emphasized the importance of this relationship in the context of market competition [2] Company Developments - The partnership with OpenAI is seen as a strategic move for AMD to secure its position in the AI market, reflecting a proactive approach to avoid losing ground to competitors [1] - CEO Lisa Su's statements suggest that AMD's next-generation products are competitive, countering skepticism about the company's capabilities [2] Market Context - The deal with OpenAI is positioned as a response to the growing AI market, with AMD aiming to capitalize on the demand for advanced computing solutions [1] - Cramer urged skeptics to reconsider their views on AMD's financial and competitive standing, indicating a shift in market perception [1]