Jim Cramer on Broadcom: "It's Been One of My Best"

Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer commented on. A caller asked what Cramer thought of the company and its CEO. In response, he said:

“Broadcom didn’t want to, you know, quietly, it’s been one of my best, but you know what? I’d like to thank Hock E. Tan, he, the CEO, had more to do with Broadcom doing well than me, and even my own hubris has to be checked.”

Broadcom Inc. (NASDAQ:AVGO) develops and supplies semiconductor and infrastructure software solutions used in networking, broadband, wireless, data storage, industrial, and AI applications. The company’s products include chips, connectivity solutions, sensors, and system components for electronic devices and systems. When a caller inquired about the stock in a May episode, Cramer replied:

“Broadcom is good, my friend. It’s one of my biggest positions for my Charitable Trust. This stock has been a horse, and I gotta tell you, as far as I’m concerned [buy, buy, buy] even up here, because it’s in the data center and it’s taking names and taking share.”

Since the above comment, Broadcom Inc. (NASDAQ:AVGO) is up by almost 33%.

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