Jim Cramer Recently Looked at These 18 Stocks

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1.  Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 158

Cramer started his 52-week high list with Broadcom Inc. (NASDAQ:AVGO) as he commented:

“It’s important to realize, though, that tech’s not well-represented in the 52-week hot list. In fact, there was only one big one, that’s Broadcom, which reported a small top and bottom line beat after the close with solid guidance for the current quarter. But the stock is just getting hammered in after-hours trading. Now, I think the stock simply came in too hot, given how much it’s run from the April lows. I’m not buying the bear case, which is based on some narrower margins on custom-made chips that it does. It’s just that tech stocks are under pressure and Broadcom wouldn’t be spared today whether it reported or not, and people should recognize that instead of freaking out. It’s up 12% for the year.”

Broadcom (NASDAQ:AVGO) develops and supplies a wide range of semiconductor devices, including custom chips for networking, wireless communication, broadband, storage, and industrial applications.

While we acknowledge the potential of Broadcom Inc. (NASDAQ: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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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