Broadcom Inc. shares rose 4.68% to $348.50 on February 09, 2026. This advance outperformed the Nasdaq, which gained 1.14% during the same session.
The rally followed massive 2026 capital expenditure commitments from major technology firms. Google announced a capex budget between $175 billion and $185 billion. Amazon projected $200 billion in spending for the period.
Broadcom secured $21 billion in orders for Google’s Tensor Processing Units (TPUs). The company currently maintains a total order backlog of $73 billion.
Management projects AI-related revenue of $8.2 billion for the upcoming quarter. This forecast represents a 100% increase year-over-year. Analysts from Wedbush, Jefferies, and Wolfe upgraded their ratings on the stock following the disclosures.