AVGO is trading at $320.29 (+3.15%) in pre-market after Alphabet's Google raised its 2026 capex guidance to $175-185 billion, signaling sustained AI data-center spending.
- Broadcom is a primary beneficiary of the spending hike as the key custom-chip supplier for Google's Tensor Processing Units (TPUs).
- Analysts suggest the increased guidance helps alleviate broader market concerns regarding the long-term sustainability of AI infrastructure investment.
- No company-specific catalysts are scheduled for today; the next earnings report is expected on March 4.