Reported 15 days ago
Jim Cramer emphasizes Broadcom's significant potential in the semiconductor industry, particularly in light of its new deal with OpenAI, which involves creating chips that will power the equivalent of 18 Hoover Dams. He notes that despite being a $1.7 trillion company, Broadcom doesn't receive the recognition it deserves. Following Cramer's comments, the stock surged nearly 10%, showcasing its value as an investment in the data center sector.
Source: YAHOO