Broadcom Inc. (AVGO) is on Jim Cramer’s radar. Shares are up 47% over the past year but down 4.4% year-to-date. Wells Fargo upgraded the stock to Overweight with a price target of $430. Jefferies reiterated a Buy rating with a $500 target. Cramer considers CEO Hock Tan highly competent in the industry.

Jim Cramer believes that Broadcom (AVGO) should be up a lot, along with NVIDIA, due to their partnership with Google. Despite AVGO’s potential as an investment, some AI stocks may offer higher returns with limited downside risk. For more on a cheap AI stock benefiting from Trump tariffs and onshoring, check out the free report.

For more stock recommendations, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now” on Insider Monkey. No disclosures.

Read more at Yahoo Finance: Broadcom (AVGO) Should Be Up A Lot, Says Jim Cramer