Jim Cramer Makes Big Claim About Broadcom (AVGO) CEO

We recently published Jim Cramer Revealed His Big AI Investing Fear & Discussed These 20 Stocks. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks discussed by Jim Cramer.

Broadcom Inc. (NASDAQ:AVGO) is one of the largest semiconductor companies in the world. Its role in the AI market is defined through its ability to design custom AI chips that can share the workloads with NVIDIA’s advanced accelerators. Broadcom Inc. (NASDAQ:AVGO)’s shares are up by 80% over the past year and by 20.6% year-to-date. Citi discussed the firm on May 12th as it raised the share price target to $500 from $475 and kept a Buy rating. The bank remarked that Broadcom Inc. (NASDAQ:AVGO) could post strong results for its April quarter as it benefits from stable AI demand. Citi also discussed the custom AI chip market and remarked that Broadcom Inc. (NASDAQ:AVGO) was in discussion with three new customers for the products. Cramer, who regularly praises the firm’s CEO, kept up with the praise in this appearance as well:

“Cause I think that he is one of the greatest business people of our time. He’s just not promotional. I wouldn’t bet against Hock Tan.”

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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.

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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