Jim Cramer on Broadcom Inc (AVGO): "This Stock Has Been a Horse"

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against other stocks that Jim Cramer discusses.

When a caller expressed bullishness toward Broadcom Inc. (NASDAQ:AVGO), Cramer commented:

“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.”

Broadcom Inc. (NASDAQ:AVGO) develops and supplies a wide range of semiconductor devices, including custom silicon solutions, connectivity components, and system-on-chips for networking, broadband, and mobile applications, along with products for data storage, wireless communication, and industrial use. On April 8, Cramer commented:

“Broadcom announced a $10 billion buyback to be finished by year-end by a CEO by the name of Hock Tan, who is just one of the greatest CEOs of our era. And this stock was only up $1.89. What that says is this is a horrible stock market, not a horrible company or a horrible stock. The market itself is just nauseous.”

Overall, AVGO ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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