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.”

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.