Institutional investors own 70% of Advanced Micro Devices, Inc. (NASDAQ:AMD) and congrats are round given a stock surge by 13%. Further, Federated Hermes Inc. reduced their AMD holdings. On the other hand, Jim Cramer, a credible personality in the business, emphasized AMD's significance as a 'Buy into Weakness'. AMD also emerged as a top pick of AI stocks by billionaire David Tepper. Even though AMD trails the market, BlackRock recognised it as an important AI stock. Meanwhile, AMD plans to challenge Nvidia via a $5 billion acquisition. Moreover, AMD's shares soared following its agreement to acquire ZT Systems. Some critics question the correlation of AMD's current shares momentum with its unclear financials. Amid Intel's struggles, opinions diverge on if AMD is a buy option. Anticipations are high on Cramer's positive views on AMD's inexpensive value despite tough market. With Oracle exec confirming AMD’s gain in AI chip market, forecast predicts 'pie' of trillion-dollar AI CapEx for AMD from analyst. After purchasing $6.9M worth of AMD shares, Ark Invest sold Robinhood and Palantir stocks. AMD's future seems promising with accelerating revenue growth. Citi maintained AMD's buy ratings as notebook shipments climbed by 15%. Yet, some critics say AMD’s 'AI Story' might be overhyped.
