Jim Cramer Says Broadcom "Rarely Gets the Attention it Deserves"

Broadcom Inc. (NASDAQ:AVGO) is one of the stocks on Jim Cramer’s radar. Cramer mentioned the company’s deal with OpenAI, as he commented:

“We got this gigantic deal between semiconductor kingpin Broadcom and OpenAI. To put it in plain English, OpenAI is going to design chips made by Broadcom for the equivalent of 18 Hoover Dams’ worth of electricity. That’s how they measure these things these days. Okay, stupendous… Broadcom is a $1.7 trillion semiconductor and networking company with a software kicker that, I don’t know, no one ever talks about. It rarely gets the attention it deserves… The stock shot up nearly 10% in response. This is just the latest in a string of big data center deals that make me real glad we own Broadcom for the Charitable Trust.”

Broadcom Inc. (NASDAQ:AVGO) designs and supplies semiconductor and infrastructure software solutions that are used in networking, telecommunications, data centers, and consumer electronics.

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.

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.