Broadcom Inc. (NASDAQ:AVGO) was among Jim Cramer’s latest stock calls, as he advised investors on how to manage data center-related stock positions. Cramer explained why the Charitable Trust trimmed the stock. He commented:
Today, the Charitable Trust sold some Broadcom, AVGO, a dominant player in networking and custom chips that has Meta, Anthropic, and Google as major customers. How can I bring myself to trim the stock of this… $2 trillion company that’s been delivering great numbers like clockwork? Simple, I am not a pig. I know that if the Trust doesn’t sell any Broadcom here, we could get walloped when the crowd turns against the stock, and the crowd will turn against it eventually because that’s what the crowd does… I have no particular reason to believe Broadcom deserves to go lower. In fact, I think it should trade higher, but that doesn’t matter.
Stock market data. Photo by Photo by Alesia Kozik
Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor devices and infrastructure software, including networking, connectivity, and storage solutions. The company’s products are used for applications in data centers, telecommunications, broadband, smartphones, industrial systems, and AI networking.
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