Jim Cramer Believes “Broadcom Represents One of the Cheaper Ways to Play Artificial Intelligence”

Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer answered questions about. Noting that the market expanded out of the tech stocks, a caller asked if they should hold or sell their position in the stock. Cramer replied:

I’m going to make a suggestion, not hold, not sell, but buy. I think that Broadcom is down to the level, it’s about a hundred points from its high. Hock Tan has made quarter after quarter after quarter. I think he’ll do it again. It’s got growth. Software and hardware both are on fire. It does a lot of work with Google. It’s expanding that work. I think that Broadcom represents one of the cheaper ways to play artificial intelligence.

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

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,…