By Anusuya Lahiri
Publication Date: 2026-02-09 15:14:00
Broadcom Inc (NASDAQ:AVGO) stock rose on Monday following Friday’s up move, buoyed by continued AI-related spending from major tech companies.
This upward trend was fueled by fresh signs of Big Tech’s commitment to AI investments, signaling a bright future for AI infrastructure.
Big Tech Giants Drive Capital Spending Surge
On Friday, semiconductor stocks rallied as fresh signals of AI-related spending by big tech firms lifted investor confidence.
Google’s push to increase its capex forecast to $175 billion–$185 billion, and Amazon’s $200 billion capital expenditure outlay, have provided a significant tailwind for companies like Nvidia and Broadcom, which supply essential AI hardware, including custom TPU chips and GPUs.
Wedbush analyst Dan Ives expects Big Tech’s capital spending to touch $550–$600 billion in 2026, up from about $380 billion in 2025.
Broadcom Positioned to Lead in AI Infrastructure
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