Broadcom (AVGO) stock surged 4.3% on Wednesday and gained another 1.5% in today’s pre-market trading session. This surge was driven by an

Broadcom extends gains after Alphabet commits $75 billion to AI expansion, lifting sentiment across the semiconductor sector

The semiconductor manufacturer’s shares were rising early Thursday after positive news from the tech giant when it reported earnings.

Alphabet's big spending plans surprised Wall Street. The news should soothe investors worried about last week's DeepSeek shakeup disrupting the AI narrative.

Key Takeaways Nvidia and Broadcom shares surged Wednesday after Google parent Alphabet, a customer of both chipmakers, said it plans to ramp up spending on artificial intelligence. Alphabet said Tuesday that it plans to spend as much as $75 billion in capital expenditures this year,