Cramer's Morning Take: AMD 10/15/24

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 15 October 2024

⏱️ 4 minutes

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Summary

Jim and Jeff explain why they bought the dip in this semiconductor stock. 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

Transcript

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0:00.0	Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.
0:07.0	Today is kind of a soggy day for a lot of stock that's been strong, which are taxed, but it's not a totally bad day.
0:15.0	And we've got treasury yields are a little bit lower, and oil is really up, scaring people to something me that's down so much. Yeah, down a lot.
0:22.9	Some of it is on these reports that Israel won't target Iran's oil nuclear facilities and a
0:29.2	retaliatory strike. So, you know, it's giving back some of that war premium, so to speak.
0:35.3	Look, we have one position in Kotaura in the energy space. It's very small.
0:40.3	We never bought. We did a recent ad a couple weeks ago.
0:43.3	Right. I'm saying we never went into the whole idea that oil was going to have a big year.
0:46.3	Yeah. And it's really, it's just there as a geopolitical head, right?
0:51.3	And that's what it's for. And there's also, you know, there's going to be
0:55.7	more need to power a lot of things in the future. So there is that natural gas aspect, but, you know,
1:02.1	not really buying this dip here. We did buy the dip in AMD this morning. Yeah. Now, that's what I want.
1:09.0	And, you know, it can go again down and we'll buy more.
1:11.6	I mean, this is a very cheap stock versus Nvidia.
1:15.6	And I think that people who don't have any AMD should buy some because I think that there is room for more than one.
1:22.6	Yeah, especially when you're talking about a TAM, a total adjustable market of over 500 billion that Lisa Sue is talking about.
1:30.0	Obviously, Nvidia is going to dominate that.
1:31.8	But I think with the roadmap that Lisa Sue outlined last week at the advancing AI event, they'll carve out an opportunity there.
1:40.4	You know, there might also be some weakness today.
1:42.4	Bloomberg reporting that the U.S. is weighing a cap on sales of AI chips from NVIDIA to AMD to some specific countries in the Persian Gulf.
1:51.0	It's not a big deal, but I know that people feel that they should be selling some of these high multiple techs today.
1:57.0	I do think that Marvell has got an insider buy of a million dollars by Matt Murphy,
	...

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