10 Stocks on Jim Cramer’s Radar Recently

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 161

A caller asked Cramer’s thoughts on Broadcom Inc. (NASDAQ:AVGO) and in response, he said:

“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.”

Broadcom (NASDAQ:AVGO) is recognized for its specialization in designing, developing, and providing semiconductor devices. Renaissance Large Cap Growth Strategy stated the following regarding the company in its Q4 2024 investor letter:

“Broadcom Inc. (NASDAQ:AVGO) was another large contributor in the quarter after reporting solid operating results. The company presented an optimistic outlook, driven by its dominant position in artificial intelligence application-specific chipsets. In addition, the company should continue to benefit from its leading position in several end markets including data centers and cloud infrastructure, which have favorable secular growth trends. Broadcom is also seeing margin expansion and improved visibility, as the mix of software revenues increases, following the acquisition of VMWare.”