Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Advanced Micro Devices : Alongside slightly better-than-expected first-quarter results , the semiconductor designer increased its 2024 sales projection for its artificial intelligence chip to $4 billion. "People wanted $6 billion. I think that that was a little aggressive," Jim Cramer said. "There's no reason for her to make that number. Gaming was bad. Embedded was bad.
" CVS Health : Shares tumbled 18% after the company's first-quarter results fell short of Wall Street estimates. The drugstore operator and health insurer cut its full-year outlook, as well, pressuring the stock. "It's just a bad business," Cramer said, noting CVS faces headwinds in both its drugstore and insurance businesses. Super Micro Computer : Shares plunged nearly 18% after the AI server maker's fiscal third-quarter revenue slightly missed estimates.
Source: News Formal (newsformal.com)
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