Jim Cramer’s Bold Predictions About These 10 Tech Stocks

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders In Q3 2024: 128

Date of Cramer’s Comments: 09-04-24

Performance Since Then: 39.9%

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor company that designs and sells chips for a wide variety of computers and devices. These include smartphones and data centers to allow the firm to target personal and enterprise computing markets. Broadcom Inc. (NASDAQ:AVGO) has been one of the biggest beneficiaries of AI spending, particularly in December when its shares surged by a whopping 62%. The stock rose as Broadcom Inc. (NASDAQ:AVGO) outlined that it could earn as much as $70 billion in revenue from AI chips in 2027. However, the stock sank by 17.4% during the DeepSeek selloff to make the firm one of the worst hit during the day. Here are Cramer’s remarks:

“Beware, Broadcom reports this week. Right now, anything that’s reported just doesn’t seem to matter—it’s going to go lower. But, you know what? In two days, anything can happen—that’s how crazy this market is.”