6 Stocks on Jim Cramer’s Radar

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1. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 156

Broadcom Inc. (NASDAQ:AVGO) is one of the stocks on Jim Cramer’s radar. Cramer mentioned the company’s deal with OpenAI, as he commented:

“We got this gigantic deal between semiconductor kingpin Broadcom and OpenAI. To put it in plain English, OpenAI is going to design chips made by Broadcom for the equivalent of 18 Hoover Dams’ worth of electricity. That’s how they measure these things these days. Okay, stupendous… Broadcom is a $1.7 trillion semiconductor and networking company with a software kicker that, I don’t know, no one ever talks about. It rarely gets the attention it deserves… The stock shot up nearly 10% in response. This is just the latest in a string of big data center deals that make me real glad we own Broadcom for the Charitable Trust.”

Broadcom Inc. (NASDAQ:AVGO) designs and supplies semiconductor and infrastructure software solutions that are used in networking, telecommunications, data centers, and consumer electronics.

While we acknowledge the potential of Broadcom Inc. (NASDAQ:AVGO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

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