Jim Cramer Recently Discussed These 17 Stocks And Chinese Hackers

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3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders In Q3 2024: 128

Broadcom Inc. (NASDAQ:AVGO) is one of the most important semiconductor companies in the world. The firm’s shares have surged by 47.9% over the past six months on the back of a strong 38.4% jump in December. The December jump followed Broadcom Inc. (NASDAQ:AVGO)’s claims that it expects a $60 to $90 billion AI opportunity in 2027. Broadcom Inc. (NASDAQ:AVGO), along with Marvell, has grown in importance lately due to its ability to capture the custom AI processor market as firms rush to fill in the gap left by supply constraints of NVIDIA’s products. Here’s what Cramer said:

“Well people love the semis. Uh, we are getting a, today a second day after what was terrific from Taiwan Semi. And now people are starting to recognize that Broadcom is worthy of buying.”

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