Jim Cramer Believes Advanced Micro Devices (AMD) Stock Being Down Isn’t Indicative of Performance

Group 1 - Advanced Micro Devices, Inc. (NASDAQ:AMD) shares have increased by 81% over the past year but are down by 7% year-to-date, following a 17% drop on February 4th [2] - DA Davidson initiated coverage on AMD with a Neutral rating and a $220 share price target, citing that while AMD's GPUs have impressive specifications, real-world performance is significantly lower [2] - Goldman Sachs also reiterated a Neutral rating and a $220 share price target, highlighting the company's struggles with operating expenses in its latest earnings report [2] Group 2 - Jim Cramer emphasized that the recent decline in AMD's stock does not reflect its performance, noting that the company exceeded estimates and has a booming data center business [3] - Cramer pointed out that analysts overlooked the importance of AMD's CPU business, which competes with Intel, suggesting that this aspect was inadequately addressed in analyst reports [3]