CNBC Investing Club: Cramer’s Morning Take on Broadcom 4/15/26

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Jim Cramer (0:48)

Jim Cramer here to share a short preview of my take on the market from today's members only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

One of the reasons why we talked about before the market opened, a terrific stock, I mean a stock that I love, Broadcom.

I thought we should trim and I thought, I mean, did yesterday too. Why? Because I don't like this kind of move. Now, what happens here is discipline always trumps conviction people. The discipline says you can't own a parabolic move even if you love a company. I think that Broadcom is terrific, but I did not want to give back because we were here. And right there-

SPEAKER_4 (1:45)

It was down double digits?

Jim Cramer (1:46)

Right there, yes. I was thinking perhaps we double check and double check. There was nothing wrong, but it didn't matter. It was time to buy, and here it's time to take a little off.

SPEAKER_4 (1:58)

And the catalyst for this move, so last week, big long-term supply agreement with Alphabet and an expanded partnership with Anthropic. And then last night, the company made a similar announcement with Meta. They're calling it a multi-year, multi-generation strategic partnership, delivering technology to support meta-training and inference accelerator. That's the MTIA chips with plans to extend through 2029

The initial commitment exceeds 1 gigawatt. It's going to ramp over time. Mellius Research Ben Reitzis, the analyst there, says the Meta partnership reflects a total adjustable market of 15 billion per gigawatt. And Hock Tan, he's been a board member guiding Meta on their journey. Well, he's going to transition off the board, but still remain in an advisor role for Meta, providing guidance on their custom silicon road map.

Jim Cramer (2:51)

I may argue that he should, given the fact that they had this gigantic, gigantic deal, that maybe it's not looks good that he's a board member. So, I mean, I think Hock's doing the right thing.

SPEAKER_4 (3:03)

And I think what this does to these deals, it gives some line of sight in over the next few years about where AI revenues can go.

Of course, Broadcom, major customers, Alphabet, Anthropic, Meta, ByteDance. There are more too. They have a deal with OpenAI. So, a lot of big customers as well.

SPEAKER_2 (3:27)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club Disclaimer, please visit cnbc.com/investingclubdisclaimer.

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