Broadcom (AVGO) shares edged up 0.14% to $333.99, outperforming the broader market behind support from ARK Invest and Alphabet’s massive $185 billion capital expenditure forecast.

  • Alphabet's spending plan is expected to significantly benefit Broadcom’s custom AI chip production.
  • The company maintains a substantial $73 billion AI backlog heading into its March 4 earnings report.
  • Analysts view the ongoing VMware integration as a primary driver for the company’s projected growth.