By Natasha Abellard
Publication Date: 2025-12-12 15:59:00
CNBC’s Jim Cramer told investors on Friday to buy the sharp, post-earnings sell-off in Broadcom shares. “This company is on fire,” Cramer said on ” Squawk on the Street ,” pointing to the custom chipmaker’s long list of notable clients, including Alphabet , Meta Platforms , ByteDance-owned TikTok, and Anthropic. The stock sank nearly 11% following a strong Thursday evening quarterly beat and guidance raise that got overshadowed by some misinterpreted remarks by management on the earnings call. It didn’t help that Broadcom shares ran up this week ahead of the print, which heightened already high expectations. Some profit-taking may be at play here as well. So, what happened on the call? The Street, which was already concerned about AI froth, became worried about Broadcom’s partnership with Google-parent Alphabet. Broadcom co-designed the Google custom chips that trained and run the Gemini 3 AI model. Investors were not fans of how Broadcom CEO Hock Tan responded to a question about…