We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks.
Broadcom Inc. (NASDAQ:AVGO) is one of the stocks discussed by Jim Cramer
Broadcom Inc. (NASDAQ:AVGO) is another AI stock that Jim Cramer has been nothing but enthusiastic about. The shares are up by 42% over the past year and by 11% year-to-date. UBS discussed the firm on June 12th as it reiterated a Buy rating and a $485 share price target for the stock.
The bank commented that Broadcom Inc. (NASDAQ:AVGO)’s deals with Apollo, Blackstone, OpenAI and Anthropic injected certainty and visibility into the firm’s capacity and finances. In his morning appearance, Cramer commented on the firm’s deal with Apple: “But I know that the other stocks are all going to come back. Particularly Broadcom, because it has a contract with Apple that is larger than we thought.