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Broadcom Inc. (NASDAQ:AVGO) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted the company’s recent deals, as he said:
When Marvell Tech won some big business recently, it came at the expense of Broadcom. They both make custom accelerator chips. We didn’t take the bait and stuck with Broadcom for the Charitable Trust. Today, we discovered that Broadcom got not one but two deals, one with Google and the other with Anthropic. Stock soared more than 6% in response. Thank heavens, we chose not to listen.
Stock market data. Photo by Photo by Alesia Kozik
Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor devices and infrastructure software, including networking, connectivity, and storage solutions. The company’s products are used for applications in data centers, telecommunications, broadband, smartphones, industrial systems, and AI networking. Cramer mentioned the company during the game plan presented during the February 27 episode and said:
After the close, Broadcom reports… $1.5 trillion company makes semis and software, really doesn’t get enough attention given its size. Now, some of the chips are sold to Alphabet, which is a big buyer. That said, Broadcom needs to get new clients. Right now, it’s caught in the software decline stemming from AI fears. I think the decline’s wrong. You don’t get to $1.5 trillion for doing nothing, right? But you know what? This is one of those that’s just too hard to own right now, and I know that, and I sensed that today when we had our monthly meeting.
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