Jim Cramer recently discussed Broadcom Inc. (AVGO) and its potential in the AI space. Jefferies maintained a Buy rating with a $500 share price target, citing the company’s advantage over MediaTek. UBS also gave a $475 share price target, highlighting growth opportunities in tensor processing units. Cramer praised CEO Hock Tan and emphasized the stock’s potential.

While AVGO shows promise, other AI stocks may offer higher returns with limited downside risk. For a cheap AI stock benefiting from Trump tariffs, consider exploring the best short-term AI stock. Discover more investment opportunities in stocks that could double in 3 years or hidden AI stocks to buy now. This article was originally published on Insider Monkey.

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