Jim Cramer Discusses These 18 Stocks & President Trump’s $500 Billion AI Plan

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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 firm whose modems and other chips are used in a wide variety of consumer electronics products worldwide. Its partnership with Apple, through which it provides modems for the iPhone, plays a key role in the hypothesis. Broadcom Inc. (NASDAQ:AVGO)’s stock has gained 96% over the past year primarily on the back of a stunning 38% jump in December. This jump occurred after management revealed that it could earn as much as $90 billion from selling AI chips in 2027. Cramer believes that Broadcom Inc. (NASDAQ:AVGO)’s popularity isn’t in line with its value:

“Now I mean the one that has been my go to, that I think does really well in this market is Broadcom. Up again another four. Look at Broadcom. I like to point it out, why David, cause it’s a 1.1 trillion dollar company that no one has ever heard of!”

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