Jim Cramer Explains “Why We’ve Stuck With Broadcom”

Broadcom Inc. (NASDAQ:AVGO) was among the stocks Jim Cramer discussed on Mad Money, highlighting several companies with market caps over a trillion dollars. Cramer praised the company’s CEO, as he said:

Six is Broadcom. Now, this is a sleeper because you don’t see its name anywhere. It makes custom chips for Google, Meta, ByteDance, Anthropic, which buys Google’s chips too. Broadcom also has its own enterprise software business called VMware, gateway to the cloud, among other things. CEO Hock Tan is a shrewd businessman who’s constantly getting new clients. He’s a big reason why we’ve stuck with Broadcom [through] thick and thin for the Charitable Trust, racking up some big gains.

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor devices and infrastructure software, including networking, connectivity, and storage solutions. The company’s products are used for applications in data centers, telecommunications, broadband, smartphones, industrial systems, and AI networking. Cramer highlighted trimming the stock for the Charitable Trust during the April 24 episode. He remarked:

Today, the Charitable Trust sold some Broadcom, AVGO, a dominant player in networking and custom chips that has Meta, Anthropic, and Google as major customers. How can I bring myself to trim the stock of this… $2 trillion company that’s been delivering great numbers like clockwork? Simple, I am not a pig. I know that if the Trust doesn’t sell any Broadcom here, we could get walloped when the crowd turns against the stock, and the crowd will turn against it eventually because that’s what the crowd does… I have no particular reason to believe Broadcom deserves to go lower. In fact, I think it should trade higher, but that doesn’t matter.

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