AVGO is trading at $322.10 (+3.7%) as Alphabet’s massive capex increase fuels optimism for Broadcom’s custom AI chip business.
- Alphabet raised its 2026 capex guidance to $175-185 billion, signaling a significant boost for Google TPUs and Broadcom's custom silicon revenue.
- The surge aligns with a broader tech recovery following yesterday's declines, with the S&P 500 and Nasdaq rising 0.95% and 0.80% respectively.
- Analysts maintain strong buy ratings, citing Broadcom as a primary beneficiary of sustained enterprise AI infrastructure spending.