Jim Cramer’s Bold Predictions About These 9 Semiconductor Stocks

3. Broadcom Inc (NASDAQ:AVGO)

Number of Hedge Fund Holders In Q3 2024: 128

Date of Cramer’s Comments: 10-10-24

Performance Since Then: 21.86%

Broadcom Inc (NASDAQ:AVGO) is a semiconductor company whose chips are used in enterprise and personal computing applications. It’s been one of the biggest beneficiaries of the AI wave with the stock rising by 38% in December after management shared that it was eyeing a $60 billion to $90 billion custom AI chip opportunity in 2027. However, Broadcom Inc (NASDAQ:AVGO)’s shares sank by 7.4% during the DeepSeek selloff. However, the stock did gain 5.2% on Friday after Meta announced it would increase MTIA chip deployment. Here’s what Cramer had said about the firm in October:

“Broadcom makes data center plumbing, but also has a broadband infrastructure business, including cell phones. Now, we had CEO Hock Tan on when he went to San Francisco. He told an incredible story. I was so excited, I was jazzed about it, but nobody listened.

Well, now they’ll listen. Stock just hit an all the time high today. It’s not done. I’d hold onto it, especially since its VMware division helps data centers cut harbor costs and operate much more efficiently. And it has really turned the corner. I like that stock very much.”