Jim Cramer Predicts Broadcom Inc. (AVGO) Will Have a “Bang-up Quarter”

We recently published a list of Jim Cramer’s Game Plan: 9 Stocks in Focus. In this article, we are going to take a look at where Broadcom (NASDAQ:AVGO) stands against other stocks that Jim Cramer discusses.

Expressing optimism for Broadcom Inc.’s (NASDAQ:AVGO) upcoming quarterly report, Cramer commented:

“After the close, we get results from Broadcom, the trillion-dollar tech company that no one seems to have ever heard of. I think it’s having a bang-up quarter. We’re telling club members that it could be reporting an excellent quarter because if its software is getting great margins, that could help us.”

Jim Cramer Predicts Broadcom Inc. (AVGO) Will Have a “Bang-up Quarter”

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

Broadcom (NASDAQ:AVGO) designs and provides semiconductor products such as custom chips, connectivity parts, and system-on-chips used in networking, broadband, and mobile technology. Furthermore, the company provides components for data storage, wireless systems, and industrial applications. On May 23, when asked about the company, Cramer remarked:

“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.”

Overall, AVGO ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

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