Business US

Broadcom Stock Rises On Google’s Massive Capex Hike

Fabless chipmaker Broadcom (AVGO) will be a major beneficiary of Google’s massive spending increase on data centers to run artificial intelligence applications, analysts say. Broadcom stock rose Thursday. Late Wednesday, Google parent Alphabet (GOOGL) announced that it will roughly double its capital expenditures to about $180 billion this year from $91 billion in 2025. Much of that capex is for…

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button