Cramer Calls Broadcom 10% Cheaper Stock Too Cheap to Ignore After Pullback
Updated
Updated · Yahoo Finance · Sep 17
Cramer Calls Broadcom 10% Cheaper Stock Too Cheap to Ignore After Pullback
2 articles · Updated · Yahoo Finance · Sep 17
Summary
Broadcom shares, down more than 10% over the past month and about 150 points below their June high, were labeled “too cheap to ignore” by Jim Cramer after the recent tech selloff.
The pullback followed Broadcom’s Sept. 2 earnings, when strong results and a multi-year AI forecast were overshadowed by current-quarter guidance that investors viewed as merely in line; the stock is still roughly 7% lower since that report.
Fiscal third-quarter revenue rose 85.5% to $29.6 billion, while AI semiconductor revenue jumped 221% to $16.7 billion, underscoring Broadcom’s central role with hyperscale customers including Alphabet and Meta.
Management lifted full-year AI revenue guidance to $58 billion from $56 billion and projected $115 billion for fiscal 2027 and $230 billion for 2028, though investors remain wary of chip-sector cyclicality and shifting tech spending.