Broadcom (AVGO) shares rose 6.15% to $327.00 in after-hours trading on February 04, 2026. The rally followed Alphabet’s Q4 earnings report, which projected 2026 capital expenditures between $175 billion and $185 billion. This guidance significantly exceeded analyst expectations of $115 billion.
Alphabet’s forecast indicates aggressive spending on AI infrastructure and data centers. Broadcom serves as a primary supplier for Google’s Tensor Processing Units (TPUs) and custom ASICs. Benzinga reported the stock reached as high as $328.73, a 6.73% gain, during the post-market session.
The after-hours surge follows a 3.83% decline during the regular session, where Broadcom closed at $308.05. This earlier volatility occurred alongside a 1.03% drop in the Nasdaq and a broader retreat in AI software stocks.