Jim Cramer on Broadcom Inc (AVGO): “This Stock Has Been a Horse”

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against other stocks that Jim Cramer discusses.

When a caller expressed bullishness toward Broadcom Inc., Cramer commented:

“Broadcom is good, my friend. It’s one of my biggest positions for my Charitable Trust. This stock has been a horse, and I gotta tell you, as far as I’m concerned [buy, buy, buy] even up here, because it’s in the data center and it’s taking names and taking share.”

Jim Cramer on Broadcom Inc (AVGO): “This Stock Has Been a Horse”

A technician working at a magnified microscope, developing a new integrated circuit.

Broadcom Inc. develops and supplies a wide range of semiconductor devices, including custom silicon solutions, connectivity components, and system-on-chips for networking, broadband, and mobile applications, along with products for data storage, wireless communication, and industrial use. On April 8, Cramer commented:

“Broadcom announced a $10 billion buyback to be finished by year-end by a CEO by the name of Hock Tan, who is just one of the greatest CEOs of our era. And this stock was only up $1.89. What that says is this is a horrible stock market, not a horrible company or a horrible stock. The market itself is just nauseous.”

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This article is originally published at Insider Monkey.