Broadcom Inc. (NASDAQ:AVGO) is one of the stocks that Jim Cramer put under a microscope. Discussing the strength of tech stocks, Cramer mentioned the company during the episode and said:
“When you hear that the big tech stocks have ridiculous valuations, how many times have you read that, you need to be thinking, how did they get that way to begin with? The answer is because they’re the best, and they can weather anything: tariffs, global craziness, antitrust, Chinese genius, you name it. My strategy has been… to wait another day and start buying them. There’s always a catalyst that turns things around with these growth stocks. Maybe it’s Broadcom… And by the way, Broadcom is a $1.4 trillion company, and it rallied from down 10 points in the AM to close up 85 cents.”
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Broadcom Inc. (NASDAQ:AVGO) develops semiconductor devices and infrastructure software solutions, supporting applications across networking, data centers, telecommunications, smartphones, and industrial systems. The company’s technologies power connectivity, AI, and advanced computing solutions worldwide.
While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.