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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...

Although the tech sector has been booming because of AI demand, not all tech companies have benefited. Among them is Intel, with INTC falling as much as 54% over the last 5 years. Indeed, the firm has not been able to capture the growing market share dominated by companies like Nvidia (NVDA) and Microsoft (MSFT). Since its Q2 earnings report released earlier this year, things have been downhill for the chipmaker. However, its continued volatility has many traders intrigued about the potential for the stock in the future. With a potential sale on the horizon, there is the potential for a bounce back. Source: Reuters Also Read: Intel Eyes Sale of $17B Altera Business as INTC Gets Boost Intel Has Pourous 5-Year Stretch, Despite Technology Stock Interest Rising In 2017, Intel (INTC) infamously passed on investing in OpenAI. The move would certainly haunt the chipmaker, as the company would go on to create the immensely popular generative AI chatbot, ChatGPT. Moreover, it would usher in a n...