We recently published 10 Stocks Jim Cramer Discussed As He Warned About Big Risk To Big Tech. Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed.
Broadcom Inc. (NASDAQ:AVGO)’s shares opened a whopping 13.7% higher on Friday after a remarkable fiscal third-quarter earnings report on Thursday. Not only did the firm beat analyst revenue and EPS estimates of $15.83 billion and $1.65 by posting $15.96 billion and $1.69, but it also shared that it had secured orders worth a whopping $10 billion from a mystery customer. Cramer was quite optimistic about Broadcom Inc. (NASDAQ:AVGO) ahead of its earnings:
“Now Broadcom is one of those companies that people never think of. It’s a 1.4 trillion dollar company. It has been run by Hock Tan for a long time. He is considered to be one of the most impressive people in terms of taking business. This is a hyperscaler helper that has taken a lot of share.”
Previously, Cramer discussed Broadcom Inc. (NASDAQ:AVGO)’s valuation:
“When you hear that the big tech stocks have ridiculous valuations, how many times have you read that, you need to be thinking, how did they get that way to begin with? The answer is because they’re the best, and they can weather anything: tariffs, global craziness, antitrust, Chinese genius, you name it. My strategy has been… to wait another day and start buying them. There’s always a catalyst that turns things around with these growth stocks. Maybe it’s Broadcom… And by the way, Broadcom is a $1.4 trillion company, and it rallied from down 10 points in the AM to close up 85 cents.”
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Disclosure: None. This article is originally published at Insider Monkey.
