AVGO is trading at $342.88 (+2.99%) on news of Google's $185B capex plan and massive orders for custom AI accelerators.
- Google has reportedly placed $21 billion in orders for custom TPU chips, which is projected to drive $8.2 billion in AI-related revenue for Broadcom by Q1 2026.
- The stock continues its upward momentum following a 7.22% gain on Friday, supported by analyst upgrades from Jefferies and Wolfe Research as the NASDAQ rises +0.91%.