Intel CEO Resignation Makes AMD Stock a Buy: Jim Cramer
Following the news that now former Intel CEO Pat Gelsinger has left the company, Advanced Micro Devices (AMD) stock has become a buy, according to CNBC’s Jim Cramer. Indeed, the chipmaker has become one of the key benefactors of the ongoing AI arms race. With the new leadership shakeup at Intel, Cramer believes there is even more upside for the company. Gelsinger was reportedly forced out of the company, a Reuters report stated. The company’s board had seemingly lost faith in its plan to turn the company around, with its earnings report continually underwhelming. The news saw the INTC stock get a slight bump while reestablishing the tech stock hierarchy. Source: CNN Also Read: Jim Cramer Predicts the Fate of Dell; is it Worth a Buy? Jim Cramer Says AMD Stock is ‘Winning’: Is It At Intel’s Expense? With such a close tech stock race, any major move will have massive ramifications. That is exactly what may be set to happen for one key AI chipmaker, as the Inte...