Jim Cramer Says Market Isn't 'Oversold Enough' For A Powerful Bounce Back Led By Broadcom's Strong Earnings - Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD)
1. Broadcom's stock surged 12.82% despite Nasdaq correction. 2. Nasdaq 100 fell nearly 10%, entering a correction phase. 3. Broadcom forecasts AI semiconductor revenue of $4.4 billion in Q2. 4. Most AI stocks, including AMD, saw modest gains in pre-market trading. 5. Broadcom's strong earnings could influence broader AI stock performance.