On CNBC's "Mad Money Lightning Round," Jim Cramer said Advanced Micro Devices, Inc. (NASDAQ:AMD) has "already come down a great deal, and I have a very good feeling about the coming business cycles, not cycle, for what Lisa Su [AMD's Chief Executive Officer] is doing."

When asked about Asana Inc (NYSE:ASAN), he said, "I wasn't crazy about that quarter." He added, "The enterprise software market is not where I want to be."

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The "Mad Money" host recommended not buying Seagate Technology Holdings plc (NASDAQ:STX) anymore, because "it's just not a high-quality enough stock during this period in the cycle."

When asked about Target Corporation (NYSE:TGT), he said, "We're going to think short-term, then we're going to sell it. If we think longer-term, we're going to make money. I'm in the money-making business, not in the selling business."

Price Action: Shares of AMD fell 0.2% to $77.48, while Asana dropped 0.4% to close at $18.08 on Thursday. Seagate shares gained 0.6%, while Target's stock declined 1.2% on Thursday.

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