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

AI stocks are on the move after hours. The primary catalyst is earnings from Alphabet (Nasdaq: GOOGL).  While Alphabet shares are off nearly 7%, there was news in their earnings release that is very good for a group of other companies.

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