Jim Cramer Discusses These 11 Stocks & President Trump’s Sovereign Wealth Fund

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4. Broadcom Inc (NASDAQ:AVGO)

Number of Hedge Fund Holders In Q3 2024: 128

Broadcom Inc (NASDAQ:AVGO) is a semiconductor company that is one of the biggest beneficiaries of the AI race. Its narrative has been bolstered by its ability to design chips that can be used in AI data centers along with NVIDIA’s GPUs. Yet, Broadcom Inc (NASDAQ:AVGO)’s shares sank by 17.40% in February during the DeepSeek selloff. However, the stock is up by 13% since then partly due to Skyworks losing some of Apple’s orders which opens up a larger piece of the market for Broadcom Inc (NASDAQ:AVGO). Here is what Cramer said:

“It looks like Broadcom’s going to be splitting, maybe not as much as Skyworks, but that’s just devastating at Skyworks, very very good for Broadcom and this is just Hock Tan just coming, every cylinder.”

“Broadcom is a clear winner with Apple and what happened to Skyworks. The stock was up three. And now it’s like barely up.”

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