Broadcom (AVGO) Should Be Up A Lot, Says Jim Cramer

Core Viewpoint - Broadcom Inc. (NASDAQ:AVGO) is experiencing significant interest from analysts and investors, with notable upgrades and positive outlooks from firms like Wells Fargo and Jefferies, driven by growth in the software infrastructure and AI semiconductor markets [2][3]. Group 1: Stock Performance - Broadcom's shares have increased by 47% over the past year but have seen a decline of 4.4% year-to-date [2]. - Wells Fargo upgraded Broadcom's shares to Overweight from Equal Weight and raised the price target to $430 [2]. - Jefferies reiterated a Buy rating with a price target of $500, citing factors such as Alphabet's capital expenditure guidance and Broadcom's strength in custom-on-package solutions [2]. Group 2: Analyst Commentary - Jim Cramer has highlighted Broadcom multiple times, expressing confidence in CEO Hock Tan's capabilities and suggesting that the stock should see significant upward movement [3]. - Cramer noted that despite a downtrend in the NDX, Broadcom's stock was performing well, indicating a potential buying opportunity [3].