Cramer defends AMD after downgrade: 'This stock is going to go up much more'
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Read the original article: https://www.cnbc.com/2026/05/04/jim-cramer-amd-stock-downgrade.html
fact_checkFact-Check Results
2 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.
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Corroborated
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“CNBC's Jim Cramer said AMD still has significant upside”
SINGLE SOURCE
While the evidence confirms Jim Cramer is the host of Mad Money and has discussed AMD in the past, the provided search results do not contain a specific quote or report stating that he currently believes AMD has 'significant upside'. One result mentions he discussed AMD, but does not provide the conclusion of that discussion.
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— James Joseph Cramer (born February 10, 1955) is an American television personality, author, entertainer and former hedge fund manager. He is the host of Mad Money on CNBC and an anchor on Squawk on th…
https://en.wikipedia.org/wiki/Jim_Cramer
https://en.wikipedia.org/wiki/Jim_Cramer
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— We recently published an article titled Jim Cramer Discussed These 21 Stocks As Bond Yields Soared. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stan…
https://finance.yahoo.com/news/jim-cramer-advanced-micro-dev…
https://finance.yahoo.com/news/jim-cramer-advanced-micro-dev…
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— "I'm actually thrilled by all the negativity because it means stocks can still go higher," the "Mad Money" host said.
https://www.youtube.com/watch?v=VH_LZfNr3qk
https://www.youtube.com/watch?v=VH_LZfNr3qk
“Cramer was responding to HSBC's downgrade of AMD to hold from buy.”
CORROBORATED
Multiple independent sources confirm that HSBC downgraded AMD from 'Buy' to 'Hold' (or 'Reduce' in one instance), citing valuation concerns. This is reported across different news/financial summaries.
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— Quick Read. HSBC downgraded Advanced Micro Devices (AMD) stock from Buy to Hold and raised its price target to $340 from $335, citing a stretched valuation after a 77% April rally despite intact funda…
https://finance.yahoo.com/markets/stocks/articles/hsbc-downg…
https://finance.yahoo.com/markets/stocks/articles/hsbc-downg…
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— HSBC downgrades AMD stock rating to hold on valuation concerns.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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— Advanced Micro Devices (AMD) was downgraded from “Buy” to “Reduce” and its price target was cut from $200 to $110, or nearly half, by analysts at HSBC on Wednesday. The AMD stock shed 5% due to the HS…
https://altcoindaily.co/amd-shares-went-down-5-on-analysts-l…
https://altcoindaily.co/amd-shares-went-down-5-on-analysts-l…
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Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.