We recently published Jim Cramer Just Couldn’t Stop Talking About These 13 Stocks. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed.
Broadcom Inc. (NASDAQ:AVGO) is a semiconductor firm known for its smartphone and data center products. The shares have gained 27% year-to-date as they have benefited from the bullishness surrounding AI. Broadcom Inc. (NASDAQ:AVGO) is among the few companies capable of designing chips that can complement NVIDIA’s AI GPUs. Cramer discussed these chips, called ASIC, in his comments:
“Broadcom is going crazy David, what is that. . .
Previously, the CNBC TV host commented on Broadcom Inc. (NASDAQ:AVGO)’s exposure to Apple and President Trump’s tariffs:
“But, I think that all of these companies you’re seeing there, like Broadcom, yeah they got exposure, but they sell to Apple, I mean, they make it in China, they sell it to Apple, that’s supposed to be okay.”
While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
