In this article, we’ll explore Jim Cramer’s Exclusive List: 10 Stocks You Should Keep an Eye On.
In a recent episode of Mad Money, Jim Cramer expressed frustration with analysts who attempt to explain stock movements during each trading session without acknowledging the unpredictable nature of the market and those who trade stocks for a living. He noted that while the Dow rose by 125 points, the S&P increased by 1.07%, and the NASDAQ jumped 2.17%, these gains resulted from conflicting market perceptions. Only one view can hold up in the end, and the process restarts the next day.
“Okay, look, it keeps happening, and it’s beginning to drive me even crazier than I already am. I’m talking about analysts attempting to explain why stocks do what they do in any given session without taking into account the capriciousness, if not the lunacy, of those who trade stocks for a living.
Sure, the averages appear to tell a decent story. The Dow inching up 125 points, the S&P climbing 1.07%, and the NASDAQ vaulting 2.17%, but those percentages are the product of a furious battle between competing visions of reality. And only one vision can survive.
Cramer explained that the day saw the release of an important, though not game-changing, Consumer Price Index (CPI) report, just days before an anticipated Federal Reserve rate cut. With market tensions high, the inline CPI data didn’t surprise anyone. However, Cramer pointed out that despite the CPI meeting expectations, stock futures remained down early in the day. When the market opened, stocks continued to drop, confusing commentators. Some analysts attributed the selloff to disappointment over the possibility of only a quarter-point rate cut rather than a half-point cut. Cramer was shocked by this explanation, calling it inaccurate.
“Only one vision can hold up under close scrutiny before it all starts over again the next morning. Today, like many days, we got a somewhat crucial set of figures from the government. This time it was for the Consumer Price Index. Notice I said “somewhat” crucial because we’re now just days away from the Federal Open Market Committee meeting, where we’re likely to get a rate cut. Any session between now and then could be an outlier that might alter the Fed’s core mindset.
When you’re in Fed mode, as we are, you know that tensions are heightened, which is why it was good to see a basically in-line CPI reading— nothing important, nothing shocking, just a number we all expected. So, we’ll probably get the quarter-point rate cut that we’re looking for. But next, you know, various speakers and interviews started ginning up reasons to explain why the Dow had dropped more than 700 points in the first hour of trading, and the NASDAQ was off 1.5%.
The pontificators were frantic. After a few tries, they settled on a new narrative that we had to listen to for a couple of hours. Many people were banking on a half-point rate cut, they said, and this 2.5% inflation number made a double rate cut very unlikely. We were told that led to disappointment and then furious selling of stocks.”
Jim Cramer mentioned an earlier interview with Doug Yearley, CEO of Toll Brothers, who had a positive outlook on the housing market, expecting it to strengthen further if rates were cut. Cramer believed the upcoming rate cuts could spark a housing boom, which would benefit the broader economy. Confident in this view, Cramer and his colleague Jeff Marks, during their CNBC Investing Club show, expressed confusion over the market’s decline, with Cramer even predicting that the averages could end the day higher, though that didn’t materialize.
“Now, I was aghast. Can I just say? I was aghast at this wholesale license of the truth. I had just come from an interview with Doug Yearley on Squawk on the Street. He told me the business had gotten very strong in August and September and could only get stronger as rates fell. Doug is a straight shooter, not a lot of fluff, but he basically said, “Look out if rates go down from here.”
He was effusively, empirically positive on the coming rate cuts. He and I are both students of financial history, and these rate cuts, 25 basis points at a time, could ignite housing sales. That’s huge for the business of our country, even though housing is only 10% of the economy. It’s connected to so many other areas that I always like to say it punches above its weight. So I figured it was time to commit heresy.”
Cramer criticized the notion that the market’s decline was due to disappointment over the CPI reading, calling it “nonsense.” He argued that sellers were misjudging the situation and misunderstanding the potential power of rate cuts. For him, there’s no harm in calling out irrational behavior in the market and stating that sellers were clueless in this instance. He dismissed the idea of inventing justifications for market actions, especially when they clearly didn’t make sense.
“I predicted that the average could actually finish up but it didn’t happen. I refused to dignify the musings of commentators who clung to the fiction that bulls were disappointed by the CPI reading. I knew the early action was just nonsense. Furthermore, I knew the sellers were wrong.
What’s wrong with honestly stating the sellers are clueless and don’t understand the power of rate cuts? Why can’t I do that? Where does it say we always have to be descriptive and can’t be judgmental? I don’t feel like making things up to ratify, if not justify, the action in a given day, especially not when the action is so clearly wrong and nonsensical.”
Our Methodology
This article talks about a recent episode of Jim Cramer’s Mad Money, where he highlighted several stocks. We selected ten of those companies and analyzed hedge fund investments in each. Finally, we ranked the companies based on hedge fund ownership, from least to most owned.
At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Jim Cramer’s Exclusive List: 10 Stocks You Should Keep an Eye On
10. GameStop Corp. (NYSE:GME)
Number of Hedge Fund Investors: 12
Jim Cramer expressed strong skepticism about GameStop Corp. (NYSE:GME)’s future, stating it’s time to stop pretending the company has real momentum. He pointed out that GameStop Corp. (NYSE:GME)’s latest quarterly results were disappointing, causing a 12% drop in its stock price. According to Cramer, GameStop Corp. (NYSE:GME) has been sustained mainly due to CEO Ryan Cohen’s popularity with the WallStreetBets community, which led the original short squeeze in 2021.
“Can we finally stop pretending that there’s anything real going on at GameStop Corp.? Last night, the video game retailer and OG meme stock reported yet another unimpressive quarter, and the stock lost 12% of its value today. For years now, GameStop Corp.’s been hanging in there in the teens to 20s, largely because CEO Ryan Cohen has a cult following among the WallStreetBets crowd that orchestrated the original short-busting campaign in 2021.
Don’t forget, money managers were shorting the stock so aggressively back then because there doesn’t seem to be much future in a brick-and-mortar video game store nowadays. Everybody just downloads stuff directly from the web. You can actually do that through GameStop now too, but you don’t need to, and we haven’t heard a particularly compelling reason why you’d want to.”
GameStop Corp. (NYSE:GME) presents a promising investment opportunity despite recent difficulties and mixed earnings. In Q2 2024, GameStop Corp. (NYSE:GME) reported a surprising profit of $0.01 per share, beating expectations of a loss, even though revenue was $798.3 million, falling short of the anticipated $896 million. This unexpected profit highlights GameStop Corp. (NYSE:GME)’s successful cost-cutting efforts, including a 16% reduction in selling, general, and administrative expenses.
GameStop Corp. (NYSE:GME)’s shift towards vintage games and consoles is generating positive market interest, aiming to tap into retro gaming nostalgia and diversify its revenue. GameStop Corp. (NYSE:GME)’s strong cash position of $4.2 billion offers flexibility for future investments and strategic changes. Under Ryan Cohen’s leadership, GameStop Corp. (NYSE:GME) is optimizing store performance and closing underperforming locations, which has improved investor sentiment.
9. JetBlue Airways Corporation (NASDAQ:JBLU)
Number of Hedge Fund Investors: 19
When a viewer asked Jim Cramer about JetBlue Airways Corporation (NASDAQ:JBLU), he shared his long-standing opinion on airline stocks. Cramer explained that he hasn’t invested in an airline stock—aside from one purchase for his father—since 1984, and he quickly realized it was a mistake. He emphasized that his experience taught him to avoid airline stocks altogether. Cramer’s advice was clear: he believes there are more promising investment opportunities outside the airline industry.
“Here’s my feeling on JetBlue Airways Corporation and on airlines. I haven’t bought an airline stock, other than for my father, since 1984, and it was an immediate mistake. I learned my lesson: don’t touch the airlines. There are a lot of better stocks out there; you don’t need to be in airlines.”
JetBlue Airways (NASDAQ:JBLU) offers an appealing investment opportunity despite recent financial difficulties. In Q2 2024, the airline reported a net income of $25 million, which, while lower than last year, still exceeded earnings expectations. Revenue fell by 7% to $2.43 billion, but the earnings per share (EPS) of $0.08 was better than analysts had predicted.
Looking ahead, JetBlue Airways Corporation (NASDAQ:JBLU)’s future looks promising due to expected reductions in operating costs from lower fuel prices, which should improve profit margins. Although demand for air travel has softened a bit, JetBlue Airways Corporation (NASDAQ:JBLU)’s broad network benefits from strong overall travel interest. JetBlue Airways Corporation (NASDAQ:JBLU) is expected to grow its revenue at an average annual rate of 5.4% over the next three years, slightly below the industry average but still positive.
8. Celsius Holdings Inc. (NASDAQ:CELH)
Number of Hedge Fund Investors: 27
Jim Cramer commented that Celsius Holdings Inc. (NASDAQ:CELH) has been confusing to investors. He noted that while CEO John Fieldly presented a strong case for Celsius Holdings Inc. (NASDAQ:CELH) during an interview, the stock has continued to drop. Cramer doesn’t believe this decline necessarily signals major issues. Additionally, he pointed out that sales haven’t met expectations based on feedback from retailers and Amazon.com, Inc. (NASDAQ:AMZN), which may explain the downward pressure on Celsius Holdings Inc. (NASDAQ:CELH).
“Celsius has been a source of tremendous confusion. John Fieldly, the CEO, came on the show and told a terrific story, and yet all it does is go down, down, down. But that doesn’t necessarily mean something is wrong, although something is difficult to figure out between the relationship with PepsiCo, Inc. (NYSE:PEP) and Rockstar, and I think that may have a lot to do with the decline. But also, the sales have not been as good as we expected, from what we can tell from talking to clubs and, of course, Amazon.com, Inc. (NASDAQ:AMZN).”
Celsius Holdings Inc. (NASDAQ:CELH) is a strong investment option due to its impressive financial performance, growing market presence, and strategic positioning in the energy drink sector. In Q2 2024, Celsius Holdings Inc.(NASDAQ:CELH) reported a 23% increase in revenue to $402 million, driven by a 30% boost in international sales and a 32% rise in gross profit, which now accounts for 52% of revenue. Celsius Holdings Inc.(NASDAQ:CELH) also saw a 29% increase in non-GAAP adjusted EBITDA and a 55% rise in net income, reflecting its operational efficiency and strong profitability.
Despite facing intense competition, Celsius Holdings Inc. (NASDAQ:CELH) stands out in the energy drink market thanks to its expanding international footprint and innovative product offerings, including new flavors and product lines. Its partnership with PepsiCo, Inc. (NYSE:PEP) further broadens its market reach. Although the stock has a high P/E ratio of 43.49, its strong earnings growth and future sales potential suggest it may still be a good investment.
Alger Small Cap Growth Fund stated the following regarding Celsius Holdings, Inc. (NASDAQ:CELH) in its Q2 2024 investor letter:
“Celsius Holdings, Inc. (NASDAQ:CELH) engages in the development, marketing, sale, and distribution of functional drinks and liquid supplements. It also offers post-workout functional energy drinks and protein bars. During the quarter, shares detracted from performance after the company reported fiscal first quarter revenues below analyst estimates. The revenue shortfall was attributed to ongoing inventory management challenges with PepsiCo, which decelerated year-over-year revenue growth from over 100% to approximately 37%. Despite the near-term growth slowdown, we believe Celsius remains well positioned to potentially capture market share within the large energy and soft drink industry over the long-term.”
7. The Timken Company (NYSE:TKR)
Number of Hedge Fund Investors: 31
Jim Cramer described The Timken Company (NYSE:TKR) as a classic example of a cyclical stock that performs well in a strong economy but faces challenges during economic downturns. He believes that The Timken Company (NYSE:TKR) is suited for the current economic climate, though he’s hesitant to say it’s the best choice right now.
“The Timken Company (NYSE:TKR) is a textbook smokestack stock, the kind of cyclical company that thrives in a strong economy but struggles during a downturn. I think The Timken Company (NYSE:TKR)’s right for this moment, but it might not be the most right. I can’t make that judgment until we learn more, which is why I’d love to have CEO Tarak Mehta on the show to dig deeper. “
The Timken Company (NYSE:TKR) is an attractive investment due to its stable financial performance, strategic growth efforts, and positive earnings outlook. In Q2 2024, The Timken Company (NYSE:TKR) reported $1.18 billion in sales and an adjusted EPS of $1.63, beating expectations despite a 7.1% drop in sales compared to the previous year, mainly due to lower demand in some markets. The Timken Company (NYSE:TKR)’s strong profitability is evident from its 19.5% adjusted EBITDA margin, showcasing its ability to remain resilient amid economic challenges.
The Timken Company (NYSE:TKR) is expanding its motion-control platform through strategic acquisitions, like CGI Inc., and investing in research and development to enhance its engineered bearings segment. Analysts expect EPS to rise to $1.91 by Q2 2025. Additionally, The Timken Company (NYSE:TKR) offers a stable dividend yield of 1.73% with a sustainable payout ratio of 25.9%, making it appealing to income-focused investors.
6. Energy Transfer L.P. (NYSE:ET)
Number of Hedge Fund Investors: 32
Jim Cramer said he is now a buyer of Energy Transfer L.P. (NYSE:ET), despite historically not liking the company’s balance sheet. He acknowledged that Energy Transfer L.P. (NYSE:ET) is performing well, and its past financial issues are no longer a concern for him. Cramer emphasized that Energy Transfer L.P. (NYSE:ET)’s current performance outweighs previous reservations he had about it.
“I am a buyer of Energy Transfer L.P. (NYSE:ET)! I can’t believe I’m saying that because historically, I haven’t cared for their balance sheet. But it doesn’t matter—it’s doing really well.”
Energy Transfer L.P. (NYSE:ET) is a strong investment option due to its strong financial performance, strategic growth efforts, and attractive dividend yield. In Q2 2024, Energy Transfer L.P. (NYSE:ET) reported adjusted EBITDA of $3.76 billion, up from $3.1 billion a year ago, thanks to record volumes in crude oil, NGL pipelines, and exports. This growth highlights Energy Transfer L.P. (NYSE:ET)’s expanding scale and effectiveness in its operations.
Recent acquisitions, like WTG and Crestwood, have bolstered its presence in key regions such as the Permian Basin, enhancing its midstream operations and setting the stage for continued growth. These new assets have already increased volumes, and future projects like the Red Lake 3 processing plant are expected to boost performance even further. Additionally, Energy Transfer L.P. (NYSE:ET) offers a dividend yield of over 9%, making it very appealing to income-focused investors.
Energy Transfer L.P. (NYSE:ET)’s investments in both organic growth and strategic acquisitions position it well to meet rising energy infrastructure demands. With strong financials, a solid asset base, and favorable shareholder policies, Energy Transfer L.P. (NYSE:ET) is a compelling long-term investment in the energy sector.
5. Exelon Corporation (NASDAQ:EXC)
Number of Hedge Fund Investors: 37
When a viewer asked Jim Cramer about his investment in energy companies like Exelon Corporation (NASDAQ:EXC) and whether the growing demand for energy in the U.S. would continue, Cramer reassured him. While he acknowledged that Exelon Corporation (NASDAQ:EXC)’s 3.25% yield isn’t particularly high, Cramer highlighted the company’s strong nuclear operations. He noted that with yields clustering between 3.25% and 3.5%, Exelon Corporation (NASDAQ:EXC) appears stable. Cramer described Exelon Corporation (NASDAQ:EXC) as a “baby growth story,” indicating that it’s a safe investment with modest growth potential.
“No, no, you’re not drinking the Kool-Aid. It only yields 3.25%, which really isn’t that much. But they do have a big nuke operation, which is really fabulous. They’re clustering around 3.25 to 3.5%, so I think you’re fine. It’s a baby growth story—meaning the stock is safe.”
Exelon Corporation (NASDAQ:EXC) is an appealing investment due to its solid financial performance, strategic investments, and positive growth prospects. In the fourth quarter of 2023, Exelon Corporation (NASDAQ:EXC) reported adjusted earnings per share (EPS) of $0.60, exceeding analyst expectations. For 2024, Exelon Corporation (NASDAQ:EXC) expects EPS to be between $2.40 and $2.50, showing confidence in its operational efficiency and ongoing investments.
Exelon Corporation (NASDAQ:EXC) plans to invest $35 billion over the next four years to support a 7.5% growth in its rate base and achieve a 5-7% annual EPS growth from 2023 to 2027. This investment will help advance energy transformation while keeping costs affordable for customers. Exelon Corporation (NASDAQ:EXC)’s strong performance in 2023, particularly in utilities like ComEd, highlights its commitment to reliable service and customer satisfaction.
Additionally, Exelon Corporation (NASDAQ:EXC) offers an attractive dividend yield of 4.15% and has consistently paid dividends for 53 years, which is appealing to income-focused investors. Despite a significant debt load, Exelon Corporation (NASDAQ:EXC)’s strategic initiatives and favorable earnings outlook make it a strong long-term investment in the utility sector.
4. Nextracker Inc. (NASDAQ:NXT)
Number of Hedge Fund Investors: 39
Jim Cramer has expressed some disappointment with Nextracker Inc. (NASDAQ:NXT), despite the stock’s significant rise. He attributes part of the disappointment to concerns about the solar industry, possibly influenced by political uncertainties, particularly regarding President Trump’s fluctuating stance on solar energy. Although Trump has claimed to support solar, his mixed messages have created confusion.
“Nextracker (NASDAQ:NXT) has been a disappointment. I think one of the reasons it’s been disappointing—though it was up very big today—is because a lot of people doomed solar, perhaps because President Trump was going to get re-elected. Even though he says he’s a fan of solar, he also says he’s not a fan of solar, it is very hard to do both. But he’s certainly able to say that because the First Amendment allows you to do that.
I will say that I’ve had to check in with Dan Shugar because I’m not happy with how the stock’s done, and all he can tell me is things just continue to be good. So, I think at 11 times earnings, it’s the stock to buy in the solar group because it has real earnings. But I am sensitive to what you said. I thought I’d waited for it to come down enough to be able to buy.”
Nextracker Inc. (NASDAQ:NXT) is a strong investment choice due to its leadership in solar tracking technology, impressive financial results, and growth potential in the renewable energy sector. Nextracker Inc. (NASDAQ:NXT) leads the market with innovative products like NX Horizon and NX Horizon-XTR, which enhance utility-scale solar projects and give it a competitive edge. Nextracker’s focus on research and development, along with its extensive patent portfolio, reinforces its market position.
In its Q1 FY2024 earnings report, Nextracker Inc. (NASDAQ:NXT) showed outstanding performance. Its revenue grew by 50.1% year-over-year to $719.92 million, and earnings per share (EPS) of $0.93 exceeded expectations. Despite market concerns about margin pressures, Nextracker Inc. (NASDAQ:NXT) maintained strong profitability with a net income margin of 19.8% and a significant increase in free cash flow to $426.6 million.
Looking forward, Nextracker Inc. (NASDAQ:NXT)’s growth prospects are supported by rising global demand for renewable energy, international expansion, and a focus on high-margin products. Analysts have responded positively, issuing “buy” ratings and setting price targets as high as $71. This mix of technological innovation, solid financials, and promising growth makes Nextracker Inc. (NASDAQ:NXT) an attractive investment.
3. Godaddy Inc. (NYSE:GDDY)
Number of Hedge Fund Investors: 48
Cramer expressed his approval of Godaddy Inc. (NYSE:GDDY) pulling back from its 52-week high. He pointed out that he likes the fact that Godaddy Inc. (NYSE:GDDY) is profitable, which makes it an attractive investment after a recent dip.
“I like the fact that the stock has pulled back a little from its 52-week high. I like that the business is profitable.”
GoDaddy Inc. (NYSE:GDDY) is an appealing investment due to its strong financial performance, strategic plans, and positive growth prospects. In Q2 2024, Godaddy Inc. (NYSE:GDDY) reported revenues of $1.12 billion, marking a 7% increase from the previous year. Godaddy Inc. (NYSE:GDDY) also raised its full-year revenue guidance to between $4.525 billion and $4.565 billion, reflecting steady growth. This increase is supported by an 11% rise in bookings to $1.26 billion and improvements in its core applications and commerce segment. Looking ahead, Godaddy Inc. (NYSE:GDDY) is focusing on integrating AI through its GoDaddy Airo initiative, which aims to improve customer engagement and optimize product offerings.
Godaddy Inc. (NYSE:GDDY)’s solid profitability is highlighted by an expected EBITDA margin of around 29% for 2024 and a projected 20% rise in free cash flow to at least $1.3 billion. This financial strength allows for share repurchases and strategic investments. With Godaddy Inc. (NYSE:GDDY)’s stock up about 42% year-to-date, its strong fundamentals and growth potential make it a promising investment opportunity.
Diamond Hill Mid Cap Strategy stated the following regarding GoDaddy Inc. (NYSE:GDDY) in its Q2 2024 investor letter:
“On an individual holdings’ basis, top contributors to return in Q2 included Mid-America Apartment Communities, UDR and GoDaddy Inc. (NYSE:GDDY). GoDaddy Inc. (NYSE:GDDY) designs and develops cloud-based web platforms primarily for small businesses. Shares rose in the quarter on the back of strong applications and commerce segment bookings, which contributed to a notable acceleration in revenue growth. Though management has been conservative in its guidance, we believe the market is increasingly recognizing the magnitude of the opportunity in front of the company, giving a boost to shares.”
2. Paypal Holdings Inc. (NASDAQ:PYPL)
Number of Hedge Fund Investors: 87
Initially not impressed with Paypal Holdings Inc. (NASDAQ:PYPL), Cramer changed his stance after seeing the leadership of Alex Chriss, whom he described as a “miracle worker.” Cramer is now a buyer of Paypal Holdings Inc. (NASDAQ:PYPL), praising Chriss for his impact on the company.
“Look, I would’ve told you I didn’t have anything good to say about this, except for this guy, Alex Chriss—he seems like a miracle worker. I am a buyer of Paypal.”
In Q2 2024, Paypal Holdings Inc. (NASDAQ:PYPL) reported an adjusted EPS of $1.33, exceeding market expectations, and has increased its 2024 profit guidance, anticipating mid-to-high single-digit growth. This indicates Paypal Holdings Inc. (NASDAQ:PYPL)’s confidence in maintaining profitability despite broader economic challenges. Paypal Holdings Inc. (NASDAQ:PYPL) is concentrating on enhancing its core business, focusing on branded checkout services and digital payments while leveraging acquisitions like Venmo and Honey to expand its customer base and boost engagement.
Analysts believe Paypal Holdings Inc. (NASDAQ:PYPL) is undervalued compared to its historical averages, suggesting it could be a good buy for long-term investors. Additionally, Paypal Holdings Inc. (NASDAQ:PYPL)’s expansion into emerging areas like cryptocurrency and buy-now-pay-later (BNPL) services supports its growth prospects. These factors, along with the company’s emphasis on efficiency and profitability, make Paypal Holdings Inc. (NASDAQ:PYPL) an attractive option for those optimistic about its future in digital finance.
1. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Investors: 130
Cramer noted that Broadcom Inc. (NASDAQ:AVGO) has traded above its previous levels following a quarter that was initially poorly received. He compared Broadcom Inc. (NASDAQ:AVGO) ‘s turnaround to an “angry swan,” emphasizing that the stock’s performance has improved, despite market volatility. Cramer remarked on the emotional nature of the market, highlighting how quickly sentiment can change.
“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.”
Broadcom Inc. (NASDAQ:AVGO) remains a strong investment due to its solid financial performance and strategic position in high-growth sectors like artificial intelligence. In its September 2024 earnings report, Broadcom Inc. (NASDAQ:AVGO) beat expectations with $1.24 earnings per share, slightly above analysts’ estimates of $1.20. Revenues also surged to $13.07 billion, reflecting a 47% year-over-year increase. This growth highlights Broadcom Inc. (NASDAQ:AVGO)’s success in its semiconductor business, supported by increasing demand for AI-related chips.
With AI and cloud infrastructure driving demand for its products, Broadcom Inc. (NASDAQ:AVGO) is poised for further expansion. Analysts expect earnings to grow by 33.7% next year, and nearly all analysts covering the stock maintain a “buy” rating, projecting a potential 25% stock price increase. These factors make Broadcom Inc. (NASDAQ:AVGO) an appealing long-term investment in sectors like semiconductors and AI.
While we acknowledge the potential of Broadcom Inc. (NASDAQ:AVGO), our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than the ones on our list but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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