We're trimming an AI winner and putting some of the proceeds into a data center power play

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More than half of the sale proceeds are going into a company that also benefits from the data center boom.

Shortly after the opening bell, we'll be selling 10 shares of Broadcom at roughly $1,853 and buying 55 shares of Dover at roughly $179. Following Tuesday's trades, Jim Cramer's Charitable Trust will own 65 shares of AVGO, decreasing its weighting in the portfolio to 3.54 %from 4.07% and 305 shares of DOV, increasing its weighting to 1.63% from 1.35%. We're finally trimming Broadcom now that we are no longer restricted from trading the stock.

mountain Broadcom YTD Adding to the enthusiasm was the announcement of a 10-for-1 forward stock split, which came on the heels of one from our other chip name Nvidia . Post-earnings, Broadcom has been anointed by many as the second best chip stock to play the artificial intelligence theme — a view we've held for nearly a year. With the market catching up to our thinking, we don't want to be greedy during this parabolic move.

 

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