Shares of Broadcom should be higher given the chipmaker's AI growth outlook

The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. U.S. stocks rose Tuesday — with the broad-based S & P 500 index hitting a new high — as solid August retail sales revealed a resilient consumer ahead of the Federal Reserve's policy decision Wednesday.

Monday on "Mad Money," Jim interviewed Broadcom CEO Hock Tan, who looked to squash investor fears that the AI boom is over. The semiconductor giant keeps coming out with new iterations of large language models that are getting smarter. These new updates require more computing power needed to train the models. This suggests that Broadcom's AI-driven sales are a multi-year growth story.

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CNBC /  🏆 12. in US

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