Jim Cramer on Broadcom: “This Company Is a Winner in This Environment, Not a Loser”

Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer looked at recently. A caller asked if it is a good time to invest in the stock, and Cramer replied:

Okay, I’m [of] two minds on Broadcom. It’s not a good time to get into it, but it’s a great company. So what are we going to do? We’re going to let it come down. It did bounce today. We’re going to hope that Hock Tan does a buyback. He’s got the earnings. I’m going to throw in, let me throw in NVIDIA… This company is a winner in this environment, not a loser. And I will be right. Just going to take a little while.

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

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. During the January 26 episode, a caller asked if they should hold or sell their position in the stock. In response, Cramer said:

I’m going to make a suggestion, not hold, not sell, but buy. I think that Broadcom is down to the level, it’s about a hundred points from its high. Hock Tan has made quarter after quarter after quarter. I think he’ll do it again. It’s got growth. Software and hardware both are on fire. It does a lot of work with Google. It’s expanding that work. I think that Broadcom represents one of the cheaper ways to play artificial intelligence.

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Disclosure: None. This article is originally published at Insider Monkey.