CNBC's Jim Cramer defended Advanced Micro Devices (AMD), stating that the stock still has significant upside due to surge in demand for its chips. AMD's shares fell by over 4% on Monday, but they have risen by roughly 58% over the past month. HSBC's semiconductor analysts warned that AMD may struggle to meet expectations for server CPU growth. They also noted that AMD's reliance on Taiwan Semiconductor Manufacturing Co. could limit its ability to fully capitalize on demand. Cramer dismissed these concerns, stating that AMD’s rival in the data center CPU market, Intel, operates its own chipmaking foundries.