AMD Briefly Surpasses $1 Trillion Market Cap, Cramer Sees Continued Growth Potential
Advanced Micro Devices (NASDAQ: AMD) briefly surpassed a $1 trillion market capitalization after its shares surged nearly 13% last week. This marks another milestone in the company's turnaround under CEO Lisa Su, who took over in October 2014 when AMD was valued at just over $2.5 billion. CNBC’s Jim Cramer believes AMD is far from reaching peak potential and highlighted agentic AI as a key growth driver that will increase demand for high-end CPUs—where he says AMD remains the leader. The stock has gained almost 30% in September alone, partly fueled by Meta's new Muse platform. Cramer also noted AMD’s growing presence in GPU markets used for AI workloads and its competitive position against rivals like Nvidia (NASDAQ: NVDA). While acknowledging short-term volatility risks, he emphasized the long-term potential driven by Su’s leadership.
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