Squawk on the Street Cramer's Morning Take: Broadcom 12/17/24
Dec 17, 2024
Cramer discusses the recent 38% surge in Broadcom's stock and the Club's decision to cash in on those gains. Insights from the CEO provide an optimistic outlook on market opportunities. The conversation underscores the need for disciplined stock management, especially in the tech sector. Key players like NVIDIA, Broadcom, and AMD are analyzed, offering valuable strategies for investors navigating this competitive landscape.
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Profit-Taking Discipline
- Take profits when investments make parabolic moves.
- This prevents greed and locks in gains, as demonstrated with Broadcom.
Hyperscaler Strategy
- Hyperscalers are using NVIDIA GPUs alongside custom chips from companies like Broadcom and Marvell.
- AMD hasn't been able to penetrate this specific market segment.
AMD Misstep
- Cramer discusses being misled by AMD's CEO, Lisa Su, and her promises about the MI300 chip.
- This highlights the risk of being "dazzled" by hype and the importance of critical evaluation.