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Advanced Micro Devices Inc. (AMD) Was Down Way Too Much, Says Jim Cramer
Jim Cramer commented that Advanced Micro Devices Inc. (NASDAQ:AMD)'s stock dipped “way too much” following its Q4 earnings report, despite strong revenue and guidance. While Goldman Sachs maintained a Neutral rating due to operating expenses concerns, UBS lowered its price target but kept a Buy rating. Cramer believes CEO Lisa Su “under promised so she could over deliver” and felt she presented well.