Reported 21 days ago
Jim Cramer has expressed strong support for Broadcom Corp. (NASDAQ: AVGO), highlighting it as a standout stock in Nancy Pelosi's investment portfolio. After a rally earlier this year, the semiconductor company's shares, buoyed by AI revenue growth, are attracting attention, particularly as they trade at a reasonable price/earnings multiple compared to Nvidia. Cramer noted that despite a brief dip post-earnings, Broadcom's recent performance and Pelosi's investment in the stock underscore its solid outlook.
Source: YAHOO