Jim Cramer Sounds the Alarm on China Rhetoric and Dollar Panic Then Analyzes 11 Key Stocks

2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund holders: 161

Jim Cramer commented on Broadcom Inc. (NASDAQ:AVGO)’s stock performance amid volatility in the semiconductor sector. He expressed frustration at the lack of institutional recognition despite strong fundamentals, suggesting the rally may be hindered by speculative trading behavior. Here is what he said:

“But look at Broadcom. Broadcom was up four in early morning trading. Now it’s barely up. That’s the short to say, you know what, we’ve let it come up. Now let’s just blast them down. What you need is some recognition from someone else besides the White House that these companies, that the orders are good. And we’re not going to really hear that because the orders may just be good because of pull forward. […]

I thought that Broadcom was going to be maybe the biggest winner today. They were going to just be, you know, Hock Tan and stock’s down a buck 70.”