By Ramish Cheema
Publication Date: 2026-06-14 19:04:00
We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks discussed by Jim Cramer.
AI chip company Broadcom Inc. (NASDAQ:AVGO)’s shares have experienced a lot of volatility recently. They are down by 12.9% over the past month, with the turmoil having started after it reported its second-quarter earnings. The results saw Broadcom Inc. (NASDAQ:AVGO) post $22.19 billion in revenue, which missed analyst estimates of $22.27 billion. Additionally, the firm did not raise its revenue guidance for custom AI chips. On June 4th, Benchmark discussed Broadcom Inc. (NASDAQ:AVGO)’s shares as it raised the share price target to $545 from $485 and kept a Buy rating on the stock. The coverage followed the earnings report, with Benchmark blaming the market for comparing the firm to an overelevated AI semiconductor sector as opposed to published estimates. On the same day, DA Davidson also increased…
