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We are trimming this surging chip name and buying this fintech on the dip

Published Mon, Nov 15 202110:03 AM EST

Jim Cramer @jimcramer

Jeff Marks @jeffmarkscnbc

(This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates in your inbox, subscribe here .) Shortly after the opening bell, we will be selling 100 shares of Advanced Micro Devices (AMD) at roughly $148.30. In addition, we will be buying 25 shares of PayPal (PYPL) at roughly $211.50. Following the trades, the Charitable Trust will own 750 shares of AMD, representing 2.67% of the portfolio and 650 shares of PayPal, representing 3.25% of the portfolio. We are making a couple of moves this morning on stocks we wanted to trade last week but could not due to our restrictions. As a reminder, we are restricted from trading any stock that Jim mentions on TV for three full days following the mention. Although we cannot make the trade for the Charitable Trust, our restrictions will never prevent us from telling the Investing Club what we would buy or sell and when we would do it. Taking profits in AMD First up is AMD . Last Monday in our email here, we said we would have trimmed our AMD position after the stock surged 10% to the $150s in response to the incredibly bullish Accelerated Data Center Premiere event. We loved everything management announced at the event, which was highlighted by the news that Meta (Facebook) has adopted AMD's EPYC CPUs to power their data centers, the unveiling of the new AMD Instinct MI200 series accelerators, and the details behind the upcoming launches of Genoa and Bergamo. Despite AMD's strong future, we said it was time to let go of some stock si