A report Thursday that Google (NASDAQ:GOOGL) has looked into the possibility of cutting Broadcom (NASDAQ:AVGO) as a supplier is “patently false,” according to CNBC’s Jim Cramer. Broadcom fell 3.5% in early trading on Thursday after tumbling 7% in premarket trading.
Mountain View, California-based Google (GOOGL) could make the move to drop Broadcom (AVGO) as soon as 2027, The Information reported on Thursday, citing a person with direct knowledge of the effort. If Google chooses to drop Broadcom, it may rely exclusively on the chips, known as tensor processing units, in house.
“I believe that the story that came out in The Information is patently false,” Cramer said on the business network. “The relationship is deep, multiple years, and I think they are actually good strategic partners.”
“All i can tell you is that the story as I understand it is patently false,” Cramer added.
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