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Jim Cramer credited meme mania for the rally in AMD. According to him, "memesters" saw an unjustified short position in AMD and bought the stock to corner the bears.
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Meme Stocks Can Crush You

Yesterday, shares of medium-sized retailer Kohl’s Corp. (NYSE: KSS) rose over 100% at the open to over $21. They almost ...
An incredible year of returns for AMD stock (AMD) is coming to an end — but with a sputter. While shares remain up roughly 50% for the year so far, the performance in December has been dismal ...
Nvidia has the market share and pricing flexibility to crush AMD's GPU efforts in 2023. Shares of Nvidia (NVDA 0.12%) are down 43% since the start of 2022.