Broadcom Inc. (AVGO)'s CEO Is "A Tough Guy," Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Revealed How Canada Has Harmed The US. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed.

While Cramer has stopped discussing Broadcom Inc. (NASDAQ:AVGO) in his recent morning appearances, it is still one of his favorite stocks in the chip sector. The firm has enjoyed investor attention in today’s AI-led market due to its ability to design chips that could help meet the shortage of NVIDIA’s AI GPUs. This time, he discussed Broadcom Inc. (NASDAQ:AVGO) CEO, Hock Tan, and the stock’s performance:

“It’s the AI-related chips that are on fire today. . .Broadcom’s moving up again. That’s a giant company. Let’s again speak of the stock market rather than Sweden’s gonna do, what’s happening in Sweden. The stock market is reacting incredibly positively to stuff and there are people who don’t want to react to it or think that somehow those points aren’t valuable. I think they’re crazy. We’re having a good rally.

“[On stock being up 92%] That’s Hock Tan. He’s doing a fantastic job. My charitable trust owns that because a lot of it is that we met Hock Tan, when I was in San Francisco. I think he’s not nearly as respected as he should be. He’s a tough guy. In that industry, a lot of tough guys.”

While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term 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.