Broadcom Inc. (AVGO) Is Up Because People Feel It Can Rival NVIDIA, Says Jim Cramer

Group 1 - Broadcom Inc. (NASDAQ:AVGO) shares increased by 13% last week due to investor optimism regarding its potential to meet large-scale custom AI chip demand, particularly with a new $10 billion customer believed to be OpenAI [2] - Market sentiment indicates that customers are seeking alternatives to NVIDIA's expensive AI GPUs, with Broadcom positioned as a competitor that could offer more affordable solutions [2] - CEO Hock Tan has been praised for his leadership and the company's growth potential, with a strong demand for high-performance computing capabilities that are essential for advanced AI applications [3] Group 2 - The article suggests that while Broadcom has potential as an investment, there are other AI stocks that may offer higher returns with lower risk [3]