Jim Cramer Believes Broadcom Inc. (AVGO) Just Has The Best CEO

We recently published 10 Latest Stocks on Jim Cramer’s Radar. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed.

Semiconductor designer Broadcom Inc. (NASDAQ:AVGO) is shaping up to be one of the most important companies in the AI race. The firm’s shares have gained 28.6% year-to-date as investors have remained bullish about its ability to cater to the demand for custom AI chips. Broadcom Inc. (NASDAQ:AVGO), along with Marvell, is capable of designing custom AI chips called ASICs, which can complement NVIDIA’s expensive GPUs in AT data centers. Cramer’s previous remarks about the firm have outlined that while some firms, like Amazon, believe that custom AI chips are worthwhile, NVIDIA continues to assert otherwise. Here are his recent thoughts about Broadcom Inc. (NASDAQ:AVGO):

“Then I come back to Ben Reitzes who recommended Broadcom today, re-recommended Broadcom, was Hock Tan, he is always saying you gotta skid away from SaaS, you can own regular software.

“The key one there is Broadcom and you’ve got to wait until Thursday but that’s Hock Tan. Hock is the best. He’s the toughest and best. That’s the one that would tell me that we can get a turn.”

Jim Cramer Believes Broadcom Inc. (AVGO) Just Has The Best CEO

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

Previously, Cramer discussed Broadcom Inc. (NASDAQ:AVGO), ASICs, and AI GPUs. Here is what he said:

“Broadcom is going crazy David, what is that. . .

“True but they also help make the ASIC . . .which was kind of slant, this is the alternative, the so called, let’s say the Trainium. . . but, they very specifically at NVIDIA, tell you that if you want to have a chip that does everything, come on you got to, you have to get the Blackwell.”

While we acknowledge the risk and potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO and that has 10,000% upside potential, check out our report about this cheapest 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.