Broadcom's (AVGO) CEO Is One Of The "Toughest," Says Jim Cramer

We recently published Jim Cramer Talked About These 8 Stocks & The Quantum Computing Dip. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed.

Broadcom Inc. (NASDAQ:AVGO) is one of the key players in the semiconductor industry as it designs and sells a variety of chips. These days, it is in the news due to its ability to design and develop custom AI chips, also called ASICs. In his previous comments about Broadcom Inc. (NASDAQ:AVGO), Cramer has pointed out that there is plenty of AI market share for the firm to capture even if rivals such as Cisco launch their AI chips. In this episode, he mentioned CEO Hock Tan’s response to a question related to AI demand:

“You know David, look I, Hock Tan said the same thing to me last night. Now you know Hock, you know that the CEO of Broadcom is one of the toughest business people in the world. When I asked him about, should we be worried about, well basically about being paid, he said he’s kind of like, he looked at me like, Jim don’t you understand? This is, it’s happening, get on board, it’s happening.”

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.

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