Jim Cramer Says He’d Rather Own Broadcom (AVGO)

Core Viewpoint - Broadcom Inc. (NASDAQ:AVGO) has seen a significant share price increase of 49% over the past year, driven by its strong position in the AI chip market and positive analyst sentiment [2]. Company Performance - Broadcom's shares have gained 49% over the past year, benefiting from AI-generated attention due to its custom chip design capabilities [2]. - Goldman Sachs added Broadcom to its US Conviction List with a price target of $450 and a Buy rating on January 5th, citing the company's strong position in the enterprise silicon market [2]. - UBS raised Broadcom's price target to $475 from $472 while maintaining a Buy rating in December [2]. Executive Leadership - Jim Cramer praised Broadcom's CEO, Hock Tan, as one of the best executives in the technology industry, indicating strong leadership at the company [2]. Market Trends - Cramer highlighted a shift where hardware stocks, like Broadcom, are outperforming software stocks, suggesting a changing landscape in the tech industry [3].