Jim and Jeff discuss buying a small position in this chipmaker. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
Squawk on the Street
Cramer's Morning Take: AMD 7/15/24
Jim and Jeff discuss buying a small position in this chipmaker. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer
- Duration:
- 4m
- Broadcast on:
- 15 Jul 2024
- Audio Format:
- mp3
What's on the horizon for financial markets? At PJIM, it's a question that over 1,400 investment professionals relentlessly research in pursuit of your long-term goals. Specialised across asset classes, but united in collaboration, our teams provide global and local expertise. Our investments shape tomorrow, today. Pursue your tomorrow with PJIM, a leading global asset manager. (upbeat music) I'm Jim Kramer, and you're about to hear a sample taken directly from today's CBC Investing Club morning meeting. I think it's important to point out this is the level where, plus five on the oscillator, where we must be concerned, which is why when we initiated AMD, we did not take a big stake in this. Sure, and we did trim some TJX last Friday as well, late trade, late Friday, just because it was just such a huge move in the market. We set around 1.15, we would trim and hit 1.15, pull back a dollar since, but still like the long term, but just some profit taking on the way up. Yes, and I do think people have to understand that this is one of those markets where you'll see, one of the things that President Trump never really cared about was a credit card. So, fine, we think credit cards are fine, meaning that you're not going to get the kind of regulation of credit cards, which I was most worried about. Healthcare, anti-drug companies raising prices, but never anti the companies that do manage care. Right. So, you're seeing managed care up. You should not buy the drug stocks on this if you think that that's pro-Trump. He's not pro-drug companies. Maybe let's get back to AMD, so starting a new position there, viewing if we do see more of that rotation that we saw last week. That really happened when rates fell, but rates are moving higher today as an opportunity to keep buying here. So, we were in this a couple of years ago for a really strong run, switched it out for Broadcom, thought it was a stronger AI play, which was true, but both have worked out very well for shareholders. Here, it's all about their AI accelerator chips, the MI-300, that series, as well as the PC refresh cycle as well, which we know from recent data, has been improving quarter to quarter. And, yeah, I would point out that the criticism last quarter with the MI-300, the reason why Lisa Sue wasn't able to raise sales expectations for the full year as much as the street wanted to. I think a lot of it had to do with supply constraints, but we've got to- - Yes, supply improvement matter. We've seen Taiwan's semi-slambers, microns numbers. Now, I would point out, understand, one of the reasons why we got more bullish in AMD, is AMD is always very abject, Lisa Sue, very honest, that the chips that NVIDIA has are great for inference, but also training. In other words, they're trained, they know how to read. I've been waiting for AMD to have a chip that also has a lot of training, because the MI-300 did not. Well, they introduced it last week, and yet the stock didn't go up because of the big sell-off and tap. What an opportunity! Start your day with my outlook on the daily market every morning at 10.20am. Visit cmbc.com/morningtake to access all the benefits of being a CMBC Investing Club Network. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC Investing Club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal, or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Kramer. To view the full CNBC Investing Club disclaimer, please visit cmbc.com/investingclubdisclaimer. Imagine earning a degree that prepares you with real skills for the real world. Coppella University's programs teach skills relevant to your career so you can apply what you learn right away. Learn how Coppella can make a difference in your life at coppella.edu. [BLANK_AUDIO]