Jim Cramer says AMD stock is a buy on Intel's CEO shakeup — 'It's winning'

Pat Gelsinger's retirement from Intel will only help Club holding and longtime rival AMD, Jim Cramer said Monday.

Intel shares rose Monday following the chipmaker's out-of-the-blue announcement that CEO Pat Gelsinger had retired. But the real winner of the shakeup is chief rival Advanced Micro Devices . Ever since Lisa Su took over as CEO in 2014, AMD has both contributed to Intel's competitive pressures and capitalized on its missteps. And the Club holding should continue to benefit from Intel's woes, including the leadership transition, Jim Cramer said Monday.

Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. , during the AMD Advancing AI event in San Jose, California, US, on Wednesday, Dec. 6, 2023. Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products.

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