Cramer Calls Broadcom Undervalued Despite Recent Declines

• Broadcom (AVGO) posted Q1 revenue of $19.31B (up 29.5%), AI revenue of $8.4B (up 106%), and bought back $7B. Stock trades at $331.98, down 13.5% from December highs, below $453 analyst target.

• AI semiconductor demand from hyperscalers including Meta, Anthropic, and OpenAI is accelerating beyond Broadcom’s forecasts, prompting analysts to raise estimates aggressively despite the stock trading below recent highs.

• The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.

Jim Cramer made a straightforward call on Broadcom (NASDAQ:AVGO) after its latest earnings: the stock is undervalued, full stop. And when you look at what the business actually reported, it is hard to argue with him.

“This is an undervalued stock versus where people thought it was going to be,” Cramer said, pointing to a company whose fundamentals are clearly accelerating even as the stock sits well below its highs.

Broadcom just posted Q1 FY2026 revenue of…