CNBC’s ‘Mad Money’ host Jim Cramer on Tuesday hailed a "nice win" for Advanced Micro Devices Inc. (NASDAQ:AMD) after the chipmaker secured a $1 billion partnership with the U.S. Department of Energy.

Cramer On AMD’s Order Win With Energy Department

The deal, aimed at cementing America's technological leadership, will involve AMD developing two next-generation, AI-powered supercomputers to tackle complex challenges in science and national security.

The partnership underscores a massive industry push to meet the surging demand for AI and high-performance computing (HPC). In his social media post on X, Cramer, who praised the AMD deal, also pointed to the intense competition in the sector.

“Big GTC conference in Washington with NVDA,” Cramer wrote, referring to AMD rival Nvidia Corp. (NASDAQ:NVDA). “Remains the major chord.”

Nvidia recently launched its own compact DGX Spark personal AI supercomputer, aiming to bring data center-level power to desktops as the AI computing boom continues.