Jim Cramer Doesn’t Want to Call the Bottom on Broadcom (AVGO)

We recently published Jim Cramer Discussed These 10 Stocks & Commented On Gold Price.  Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer discussed.

Broadcom Inc. (NASDAQ:AVGO) is another key player in the AI industry. It is a semiconductor designer whose chips are used in a wide variety of applications. Broadcom Inc. (NASDAQ:AVGO)’s shares are up by 59% over the past year and are down by 4.9% year-to-date. Multiple analysts have discussed the firm in January. For instance, Bernstein reiterated an Outperform rating and a $475 share price target. The financial firm outlined that Broadcom Inc. (NASDAQ:AVGO)’s management had adequately addressed investor concerns about competition in the AI industry. The stock saw considerable momentum in 2024 after it outlined a sizable AI chip opportunity. However, recent reports have suggested that Google’s TPU AI chips also offer a cost-efficient alternative to NVIDIA’s high-performance and pricey chips. Additionally, Bank of America made Broadcom Inc. (NASDAQ:AVGO) its top stock pick for 2026 and commented that the firm enjoyed strong margins and pricing power. Citi also cited AI optimism to keep a $480 share price target and a Buy rating on the shares. Cramer briefly commented on Broadcom Inc. (NASDAQ:AVGO) after Intel’s earnings:

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“Broadcom, which is down very badly today, share donor to the shortage. I don’t want to call the bottom, Broadcom.”

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.