Jim Cramer’s 20 Bold AI Predictions – See How They Played Out!

9. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders In Q2 2025: 156

Date Of Cramer’s Remarks: 09-06-24

Share Price Performance Since Then: 117%

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor designer whose shares have benefited in the AI era due to its ability to design custom AI chips. Since Cramer’s remarks in September, the shares have gained a strong 117%. One of the biggest jumps in Broadcom Inc. (NASDAQ:AVGO)’s stock during this time came in December. The shares jumped by 38% after the firm outlined that it expected a $60 billion to $90 billion opportunity from AI chips. While the shares did dip by 17.4% during the DeepSeek selloff, they have recovered all the losses. Back in September 2024, Cramer maintained that Broadcom Inc. (NASDAQ:AVGO) would perform well as he dismissed recent weakness:

“Broadcom gave us results that showed a tad bit of weakness in artificial intelligence orders, and the pin action took down the whole darn cohort. I don’t believe AI is a bubble, but these stocks are still up a great deal, especially in August. And September tends to bring out sellers when you get just in-line numbers. That’s what we got from Broadcom. It was in line, it wasn’t a shortfall.

“Ben Reitzes, who I quote a lot because he’s really smart, said Broadcom was hurt by some choppiness in Google orders. That wasn’t clear from the conference call, but it makes a lot of sense. That business will bounce back.

“The issue here isn’t Broadcom’s reaction, which took down most of the tech. No, it’s the overreaction to Broadcom that seemed to cascade into finance and then anything cyclical. The pain was palpable. To me, this is all about the zeitgeist, not the facts, because so many companies are doing well despite the slowing economy. However, you can’t waste time arguing with the sellers who suddenly want nothing whatsoever to do with this market. Nothing’s going to stop them from taking profits out of fear.”