Broadcom CEO Touts New Battery-Saving Chip
“Why is Broadcom different? Some if it’s because the company’s end-markets are growing faster than the broader industry, some of it’s because they’re taking market share all over the place, and some, I believe, is just pure execution,” he said.
Earlier this week, Broadcom delivered a 5-cent earnings beat off a 67-cent basis and posted record revenues, Cramer noted.
“And for the next quarter, Broadcom forecast that sales would be up 5 percent sequentially,” he said. “Granted, the expectations were pretty low, but Broadcom blew them out of the water at a time when the operating results for most chipmakers have fallen short.”
Cramer interviewed Broadcom CEO Scott McGregor about the company’s prospects.
WATCH Jim Cramer’s entire interview with Broadcom CEO Scott McGregor
When this story was published, Cramer's charitable trust owned Broadcom.
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