Jim Cramer Says He Is “Not That Worried About Broadcom”

• StockStory Top Pick AVGO +3.18%
• ORCL +6.63%

Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed. Cramer highlighted that he trusts the company CEO and commented:

“Last week turned brutal for the AI data center stocks when we got this pair of poorly received quarters from Oracle on Wednesday and then Broadcom on Thursday night. Oracle plunged 10.8% the next day. Broadcom dropped 11.4% on Friday. Dragged the whole group down with them. Now, as I mentioned in my Sunday think piece for the CNBC investing club, I’m not that worried about Broadcom, which we own for the Charitable Trust. Broadcom reported a healthy top and bottom-line beat. They gave strong sales and EBITDA guidance for the current quarter.

Photo by Adam Nowakowski on Unsplash

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.

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