Broadcom Inc. (NASDAQ:AVGO) is one of the stocks in focus this week under Jim Cramer’s game plan. Cramer highlighted the hurdles faced by the stock, as he remarked:
After the close, Broadcom reports… $1.5 trillion company makes semis and software, really doesn’t get enough attention given its size. Now, some of the chips are sold to Alphabet, which is a big buyer. That said, Broadcom needs to get new clients. Right now, it’s caught in the software decline stemming from AI fears. I think the decline’s wrong. You don’t get to $1.5 trillion for doing nothing, right? But you know what? This is one of those that’s just too hard to own right now, and I know that, and I sensed that today when we had our monthly meeting.
A stock market graph. Photo by energepic.com
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. During the February 3 episode, a caller asked if it was a good time to invest in the company’s stock, and Cramer replied:
Okay, I’m [of] two minds on Broadcom. It’s not a good time to get into it, but it’s a great company. So what are we going to do? We’re going to let it come down. It did bounce today. We’re going to hope that Hock Tan does a buyback. He’s got the earnings. I’m going to throw in, let me throw in NVIDIA… This company is a winner in this environment, not a loser. And I will be right. Just going to take a little while.
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