Cramer Says AI Can Support Multiple Winners as AMD Drops 6% on Nvidia-Favored SpaceX Bet
Updated
Updated · CNBC · Aug 5
Cramer Says AI Can Support Multiple Winners as AMD Drops 6% on Nvidia-Favored SpaceX Bet
3 articles · Updated · CNBC · Aug 5
Summary
AMD shares fell 6% Wednesday after Elon Musk said SpaceX would build its AI infrastructure exclusively on Nvidia, prompting Jim Cramer to argue Wall Street is wrongly treating AI as a winner-take-all market.
Trillions of dollars in CPU and GPU demand by 2030 should leave room for several beneficiaries, Cramer said, rejecting the idea that Nvidia alone can capture the buildout.
AMD, Nvidia and Intel can all gain from expanding AI infrastructure, he said, because AMD is building a credible GPU business while continuing to take CPU share from Intel.
Cramer said the same pattern appears beyond chips, citing TJX, Burlington and Ross in retail and CrowdStrike with Palo Alto Networks in cybersecurity as examples of strong demand supporting multiple winners.