Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks 

10. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holdings in Q1 2026: 173

Broadcom Inc. (NASDAQ:AVGO) is another AI stock that Jim Cramer has been nothing but enthusiastic about. The shares are up by 42% over the past year and by 11% year-to-date. UBS discussed the firm on June 12th as it reiterated a Buy rating and a $485 share price target for the stock. The bank commented that Broadcom Inc. (NASDAQ:AVGO)’s deals with Apollo, Blackstone, OpenAI and Anthropic injected certainty and visibility into the firm’s capacity and finances. In his morning appearance, Cramer commented on the firm’s deal with Apple:

“But I know that the other stocks are all going to come back. Particularly Broadcom, because it has a contract with Apple that is larger than we thought. David, you know that tech remains the battleground. Michael Wilson this morning says you should go back into the hyperscalers, which have not done that well. That’s moved Amazon. But I could argue, maybe we’re looking too much into tech.

“But I will say, that one company whose business will go up, is Broadcom. Because of that deal they announced with Apple this weekend. . .they’re going to do ASIC for, Apple.”

He also discussed the firm in a tweet and marked the shares’ reversal as a reversal for the broader market. As trading closed, he was enthusiastic:

“If there is going to be a turn the stock of Broadcom will let you know

Broadcom and Lam great tells today!

Emerald Wealth Partners Growth Equity Strategy discussed Broadcom Inc. (NASDAQ:AVGO) in its Q1 2026 investor letter:

“Broadcom Inc. (NASDAQ:AVGO) delivered another strong quarter. While revenue and EPS both were only slightly above Street consensus, the real highlight was FY2027 guidance for AI revenues, which were well above expectations and have led to analysts upgrading their sales and profit estimates, some of them significantly.

Additionally, at the latest analyst call management proactively and effectively countered investor concerns that have weighed on the stock such as margins risks, competition risks from hyperscalers building their own customer chips (ASICs) and software disintermediation…” (Click here to read the full text)