We picked up more shares of a consumer company earlier. However, with the market selloff intensifying, we're adding more tech exposure.
We're buying 7 shares of Broadcom , at roughly $812 apiece. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 80 shares of AVGO, increasing its weighting in the portfolio to 2.38% from 2.18%. We picked up shares of Starbucks earlier Tuesday. However, with the market selloff intensifying, we're stepping back in with another buy as we look to put more money to work in this oversold market.
mountain Broadcom YTD As we've noted previously, we think Broadcom will prove to be a key beneficiary of generative artificial intelligence adoption. That's because this coming age of AI requires a complete revamp of the world's data centers. While fellow Club chipmaker Nvidia may be leading the charge in this infrastructure overhaul, we think Broadcom's networking business stands to win as well, thanks to its Jericho3-AI and Tomahawk ethernet solutions.
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