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If You Buy Just One Tech Stock, Make It This Apple Supplier, Jim Cramer Says

If You Buy Just One Tech Stock, Make It This Apple Supplier, Jim Cramer Says

The company is a major source for iPhone 8 components. Hence, you should buy its stock.

The company is a major source for iPhone 8 components. Hence, you should buy its stock.

Jim Cramer says that if you're going to buy just one tech stock, make it components maker Broadcom (AVGO) - Get Free Report -- a key supplier to the latest iPhones from Apple (AAPL) - Get Free Report .

"I like this stock," Cramer said in an exclusive conference call with members of his Action Alerts PLUS club for investors. "I think a lot of people were really petrified that Apple's [new iPhones] are not going to have good sales. They're looking at Apple stock" -- which initially pulled back this past week following the iPhone 8 and iPhone X's release -- " and saying: 'Wow, I guess it's not going to sell well. I think that's quite wrong."

Broadcom has long supplied RF power amplifier modules, Wi-Fi/Bluetooth combo chips and GPS chips for iPhones. During a recent earnings call, the company signaled that the iPhone 8 -- which Apple released this week -- would provide AVGO with a 40% dollar-based content increase relative to the iPhone 7.

Take a look at what Jim Cramer has to say about Broadcom.

TheStreet's Eric Jhonsa contributed to this report.

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Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long Apple and Broadcom.