NVIDIA’s Way Ahead Of Broadcom (AVGO), Says Jim Cramer

We recently published 13 Latest Stocks on Jim Cramer’s Radar. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed.

Broadcom Inc. (NASDAQ:AVGO), like Oracle, has seen solid performance on the stock market in September. Its shares have gained 20.9% during the month and benefited from a robust third-quarter earnings report. The results saw Broadcom Inc. (NASDAQ:AVGO) beat analyst revenue and EPS estimates of $15.83 billion and $1.65 by posting $15.96 billion and $1.69. Crucially, the shares also rose after a report suggested that a new $10 billion AI chip deal confirmed by Broadcom Inc. (NASDAQ:AVGO) involved OpenAI. Cramer discussed the news earlier and commented on the strength of the partnership between NVIDIA and OpenAI. However, while he remains a fan of Broadcom Inc. (NASDAQ:AVGO) and its CEO Hock Tan, the CNBC TV host cited an article outlining that NVIDIA’s products were ahead of the firm’s chips:

“By the way, the NVIDIA [inaudible] article said that they, again. . .way ahead of Broadcom.”

Previously, Cramer discussed Broadcom Inc. (NASDAQ:AVGO)’s position in his charitable trust:

“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.”

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