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

Alphabet shares fell 7.2 percent on Wednesday after reporting fourth-quarter revenue below Wall Street forecasts and revealing substantial spending plans for artificial intelligence (AI) expansion, according to CNBC. This decline marked the stock’s worst performance since January 2024.

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,

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