We're right-sizing our position in an AI stock after its impressive run this year

Shortly after the opening bell, we will sell 40 shares of Broadcom at roughly $486. Following the trade, Jim Cramer's Charitable Trust will own 325 shares, decreasing its weighting to 3.75% from about 4.2%. Broadcom shares are up about 6% in pre-market trading on Tuesday, extending a run of new record highs, in reaction to Alphabet announcing an $80 billion equity raise on Monday to "fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand." This is great news for Broadcom, which powers Google Cloud by providing AI accelerators, known as tensor processing units (TPUs). Alphabet's willingness to tap the equity markets rather than the usual debt markets signals it will likely spend even more on AI investments next year. Alongside the capital raise, Alphabet reiterated its 2026 capex guidance of $180 billion to $190 billion. Broadcom's strong partnerships with Alphabet and several other major AI companies, including Meta Platforms , Anthropic, and OpenAI, should support a strong quarter and outlook when it reports earnings after the close on Wednesday. But due to our already outsized position in Broadcom and the solid run it has had into the print — up 38% since its last earnings report — we're electing to trim the position and realize a gain of more than 430% on stock purchased in September of 2023. (Jim Cramer's Charitable Trust is long AVGO. …