Broadcom Inc. (NASDAQ:AVGO) is one of the Jim Cramer Says Trump’s Angry At Everybody & Discusses These 11 Stocks.

Broadcom Inc. (NASDAQ:AVGO) is one of the largest semiconductor design companies in the world. While Cramer had frequently discussed the stock in the first quarter, it appeared to have fallen off his radar more recently. Broadcom Inc. (NASDAQ:AVGO)’s shares have gained 14% year-to-date after having lost 37% by early April. The shares have benefited from the strong performance of other semiconductor firms which has indicated to them that the demand for AI chips continues to remain robust. Broadcom Inc. (NASDAQ:AVGO) is among the few companies in the world that is able to design custom AI chips to fill any gaps left by NVIDIA due to high prices or tight supply. Here is what Cramer said about the firm:

“You know there’s a stock, it has 1.2 billion dollars of valuation. 1.2 trillion. And the trillion’s still a lot. The company’s called Braodcom and it just hit an all time high!. It’s all time high. Now we should remember that there are companies out there that are smoking hot. Right now. And they are the leaders.

“We’re back to just talking about what’s a great secular trend. It’s like nothing happened.”

A technician working at a magnified microscope, developing a new integrated circuit.

In his earlier remarks about Broadcom Inc. (NASDAQ:AVGO), the CNBC host commented on the firm’s CEO and share buybacks:

“Broadcom announced a $10 billion buyback to be finished by year-end by a CEO by the name of Hock Tan, who is just one of the greatest CEOs of our era. And this stock was only up $1.89. What that says is this is a horrible stock market, not a horrible company or a horrible stock. The market itself is just nauseous.”

While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.