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

Leading AI chip stocks got a lift this week from hyperscale cloud computing companies reiterating their hefty data center spending plans.

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

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,