Jim Cramer Thought Broadcom Inc. (AVGO) “Would Be Up More” After Oracle’s Conference Call

We recently published 10 Stocks Jim Cramer Discussed As He Talked About President Trump & Trillionaires. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed.

Like Oracle, Broadcom Inc. (NASDAQ:AVGO)’s shares have also been on the AI investor radar in September. The stock is up by 15.6% over the past month, with media reports attributing the rise to the firm’s latest earnings report and a new $10 billion dollar custom AI chip contract. This contract is reportedly from OpenAI. Cramer has previously discussed whether Broadcom Inc. (NASDAQ:AVGO) and OpenAI might be working together. He pointed out the close relationship between NVIDIA and OpennAI, and when it comes to Broadcom Inc. (NASDAQ:AVGO)’s custom AI chips, the CNBC TV host has referred to trade articles mentioning that NVIDIA’s products are better. This time, he shared that after Oracle’s earnings report, he would have thought that Broadcom Inc. (NASDAQ:AVGO)’s shares would have gained as well:

“I would have thought that Broadcom which is in the mix would be up more.”

Jim Cramer Thought Broadcom Inc. (AVGO) "Would Be Up More" After Oracle's Conference Call

Here are Cramer’s previous comments about Broadcom Inc. (NASDAQ:AVGO) made on September 8th:

“Okay, let me tell you something, Broadcom is the biggest position for my Charitable Trust. Oh, we love it for the club. It’s a fantastic story of private-label chips.”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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