Broadcom shares surged +7.22%, closing at $332.92 on February 6, following reports confirming that AVGO supplies custom AI chips for Alphabet’s Tensor Processing Units.

  • Mizuho Group analyst Jordan Klein reiterated strong support for the stock, following a week of broad market gains for AI-focused chip companies.
  • Klein labeled the stock an "unusual opportunity for long-term investors" and designated it a top holding recommendation.