Jim Cramer’s Bold Predictions About These 12 AI Stocks

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders In Q3 2024: 128

Date of Cramer’s Comments: 09-11-24

Performance Since Then: 54.61%

Broadcom Inc. (NASDAQ:AVGO) is one of the largest and most valuable semiconductor companies in the world. Its shares have been on a tear since Cramer’s remarks and have added a whopping 54.6% in gains. All of these gains have come primarily on the back of blowout announcements by management in December. In December, Broadcom Inc. (NASDAQ:AVGO)’s shares surged by an unbelievable 62.2% as the company shared that it expected to earn up to $70 billion from selling AI chips in 2027. At the same time, Broadcom Inc. (NASDAQ:AVGO) also forecast a 22% revenue growth for its Q1 Fy25. Here’s what Cramer had shared in September:

“Did you know that today Broadcom Inc (NASDAQ:AVGO) traded above where it was sitting before the aforementioned quarter, which I told you was good anyway? The one that seemed to be hated but now seems to be transforming from an ugly duck into a beautiful, but angry, swan. Have you ever noticed swans are really angry? Look, we’re in a highly emotional market.”