Mad Money

Broadcom CEO Touts New Battery-Saving Chip


Broadcom delivered stellar numbers at a time when other semiconductor makers have been hit hard, and its future appears to be bright, as well, “Mad Money” host Jim Cramer said Wednesday.

“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.

Broadcom CEO Explains Earnings

“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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