Jim Cramer Discusses Broadcom (AVGO)’s Software Strengths

We recently published 11 Stocks Jim Cramer Discussed, Including A Potential “Worst Stock Ever”. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed.

Cramer frequently discusses Broadcom Inc. (NASDAQ:AVGO) in his morning show, and most of his remarks are focused on the firm’s semiconductor business. The rise of AI and the subsequent demand for AI chips has placed Broadcom Inc. (NASDAQ:AVGO) in a unique industry position due to its ability to design custom AI chips. Cramer also regularly praises the firm’s CEO, Hock Tan, and believes Tan’s opinion about the high demand for AI chips. However, in this episode, he commented on Broadcom Inc. (NASDAQ:AVGO)’s enterprise cloud computing platform, VMware.

“No one thinks VMware’s under pressure because the last quarter for VMware was quite good, their software business. And Hock was like trying to get, Hock Tan the CEO, was trying to get me to say listen, don’t forget VMware, it’s really coming together. But I totally agree. . .”

In his morning appearance on October 14th, Cramer asserted that Tan was confident about AI demand:

“You know David, look I, Hock Tan said the same thing to me last night. Now you know Hock, you know that the CEO of Broadcom is one of the toughest business people in the world. When I asked him about, should we be worried about, well basically about being paid, he said he’s kind of like, he looked at me like, Jim don’t you understand? This is, it’s happening, get on board, it’s happening.”

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.

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Disclosure: None. This article is originally published at Insider Monkey.