Advanced Micro Devices Inc. (AMD) Was Down Way Too Much, Says Jim Cramer

Core Viewpoint - Advanced Micro Devices Inc. (NASDAQ:AMD) has experienced significant stock price fluctuations, with an 83% increase over the past year but a 7% decline year-to-date, indicating volatility in investor sentiment and market conditions [2]. Company Performance - AMD designs and sells chips for various applications, including gaming, personal computing, and AI [2]. - The company's shares dropped by 17% following its fourth-quarter earnings report, despite strong revenue and guidance [2]. - Goldman Sachs maintains a Neutral rating with a $210 price target, while UBS has lowered its target from $330 to $310 but retains a Buy rating, citing uncertainty due to a $1 billion cut in gaming [2]. Analyst Commentary - Jim Cramer expressed that AMD's stock was down excessively and suggested that the company's leadership is positioned to exceed expectations by the end of the year [3]. - There is a belief that while AMD has potential, other AI stocks may offer better returns with lower risk [3].