10 Best Jim Cramer Stocks to Buy According to Analysts

7. Broadcom Inc. (NASDAQ:AVGO)

Average Price Target Upside: 11.78%

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) is set to report its fourth-quarter earnings on December 12. Cramer commented on the company and said:

“Finally, one of my favorite stocks reports, Broadcom, symbol AVGO by the way. It reports, and this tends to run up into the quarter and then sell off when we see the actual sales and earnings. I expect that to happen again as Broadcom makes equipment from networking and artificial intelligence as well as hardware, phones, and servers, and hardware’s a little out of fashion all of a sudden. Now, we own Broadcom for ages for the Charitable Trust and I’ve urged investing club members to buy Broadcom on these very dips I just mentioned. It’s been a terrific successful strategy. This time should be no different. So let’s understand, it goes down at the report and that’s your chance to pull the trigger.”

Broadcom (NASDAQ:AVGO) is a company specializing in the design, development, and supply of semiconductor devices, with a well-established history in semiconductor design. It expects strong AI demand, projecting a 10% growth in AI revenue for Q4 of fiscal 2024, bringing total AI revenue to over $3.5 billion and pushing annual AI revenue to around $12 billion.

The company continues to advance its AI-related offerings. It recently launched its 3.5D eXtreme Dimension System in Package (XDSiP) platform, enabling consumer AI customers to develop custom accelerators (XPUs). The company introduced the first Face-to-Face 3.5D XPU and has over five products in development, with production shipments expected to start in February 2026.

Additionally, Broadcom (NASDAQ:AVGO) has improved its VeloCloud products to better support AI workloads. In November, it introduced VeloRAIN, which uses AI to boost performance and security, and launched the VeloCloud Edge 4100 and 5100 appliances, designed for large businesses. It also started Titan, a partner program to help VeloCloud service providers grow as more companies adopt AI.