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Jim Cramer Admits He Missed AMD’s Rally — Now He Likes It on the Dip

Jim Cramer says he’s “embarrassed” to have missed AMD’s June surge, but quickly pivoted to calling the stock a buy on the pullback. With AMD down 4.26% to $517.82, he sees a macro tailwind from a softening jobs report.

OurAlpha

04 Jul 2026 — 3 min read

Jim Cramer: “I like AMD on the dip.”

CNBC’s Jim Cramer admitted on his July 1 show that he missed the June rally in AMD (AMD) and a handful of other stocks — and he’s “embarrassed” about it. But just hours later, he flipped the script, saying he likes AMD on the pullback. As of 1:30 PM ET on July 4 (U.S. markets closed for Independence Day), AMD was trading at $517.82, down 4.26% from its prior close of $540.88.

On his July 1 show, Cramer listed 10 stocks he missed last month, calling himself “embarrassed” and “wrong.”^[CNBC]
In a separate segment the same day, Cramer said plainly: “I like AMD on the dip.”^[CNBC]
On July 2, Cramer noted in his morning meeting that chip stocks remained “sluggish,” dragging the Nasdaq lower while the Dow hit an intraday record.^[CNBC]
As of the July 4 close, AMD shares sat at $517.82, down 4.26% from the prior close, after touching an intraday low of $506.
Cramer also noted that June’s nonfarm payrolls came in weaker than expected, giving the Fed room to cut rates down the line.^[CNBC]

On the July 1 episode of Mad Money, CNBC’s Jim Cramer made a rare admission: he was wrong to have missed the June surge in AMD (AMD) and a slate of other names. Cramer walked through the 10 stocks he let slip by and said flatly that he’s “embarrassed.”^[^CNBC^] But just a few hours later, in a separate segment, he pivoted hard, saying he likes AMD on the pullback.

Admitting the Mistake: Cramer’s “10 Missed Stocks”

On his July 1 show, headlined “Why Jim Cramer is 'embarrassed' he didn't buy these stocks,” Cramer publicly second-guessed his own calls. He listed 10 stocks he failed to buy in June — and AMD was on the list. “I missed one of the greatest stories of this era,” he said.^[^CNBC^] The candid mea culpa sparked chatter among investors. Cramer didn’t specify the exact price or timing of his miss, but he didn’t mince words: “I was wrong.”

Quick Pivot: Cramer Says He Likes AMD on the Dip

Later that same day (July 1), Cramer delivered a very different message. In a segment titled “I like AMD on the dip, says Jim Cramer,” he said outright: “I like AMD on the dip.”^[^CNBC^] The comment came as AMD shares had pulled back meaningfully. At the July 4 close, the stock was at $517.82, down 4.26% from the prior close of $540.88, after touching an intraday low of $506. Cramer’s “buy the dip” call was widely read as a vote of confidence in AMD’s long-term story — even if he regretted missing the earlier run.

Chip Stocks Under Pressure, Macro Data Offers Support

Cramer’s bullish turn on AMD came amid a broader selloff in semiconductor names. At the CNBC Investing Club morning meeting on July 2, Cramer noted that chip stocks remained “sluggish,” dragging the Nasdaq lower while the Dow Jones Industrial Average hit an intraday record as investors rotated into value.^[^CNBC^] He also flagged that the June nonfarm payrolls report showed a notable cooling in U.S. job creation, coming in below expectations. Cramer argued the soft data gives Fed Chair Kevin Warsh room to cut rates, saying it “takes the rate-hike option off the table.”^[^CNBC^] That macro backdrop could provide a tailwind for growth-oriented tech names like AMD.

Market Reaction and What’s Next

Despite Cramer’s public endorsement, AMD still ended the trading week lower through July 4. Earlier in the week, the stock had come under pressure along with the broader tech sector. In his July 2 morning meeting, Cramer also mentioned he was watching a “low-multiple, disliked tech giant” — but didn’t name the company.^[^CNBC^] Investors will be watching AMD’s price action when trading resumes on Monday, July 8, as well as its upcoming quarterly earnings. Cramer’s whiplash — from “embarrassed” to “bullish” — underscores the deep divide over chip stocks in the current market.