Jim Cramer Provided Live Commentary For This AI Stocks Post Earnings Share Price Movement

Image for article Jim Cramer Provided Live Commentary For This AI Stocks Post Earnings Share Price Movement
News Source : Yahoo Entertainment

News Summary

  • (NASDAQ:AVGO)'s shares closed 2.7% lower on September 3rd, the day after the firm reported its second quarter earnings.
  • The dip came even as the firm demonstrated strong growth suitable for a company with tailwinds from custom AI chip design.
  • Cramer discussed the results in his morning appearance on the 3rd: "I thought that this, I know that the next quarter is not going to be good.
  • But I do think that the 'AI revenue double again in fiscal year 2028 to 230 billion was the jaw drop statement"
Semiconductor designer Broadcom Inc. (NASDAQAVGO)s CEO, Hock Tan, is one of Cramers favorite executives in the space.

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