Broadcom Jumps 6% on Alphabet $80B AI Raise, Marvell Soars 18% on Jensen Huang’s $1T Endorsement

Shares of Broadcom (NASDAQ:AVGO | AVGO Price Prediction) are up 6% in Tuesday’s premarket session, trading near $486 after closing Monday at $459.97. Marvell Technology (NASDAQ:MRVL) stock is up 17% to around $257, marking one of the sharpest single-session moves of the year for the custom-chip merchant.

The double pop is being driven by two separate but reinforcing catalysts hitting the custom AI chip trade at the same time. Reportedly, Alphabet (NASDAQ:GOOGL) has announced an $80 billion equity raise to fund AI infrastructure, and NVIDIA (NASDAQ:NVDA) CEO Jensen Huang publicly suggested that Marvell could top a $1 trillion valuation.

Broadcom stock heads into the move already running, with shares up 33% year to date (YTD). Marvell stock has surged 158% YTD, reflecting an aggressive rerating tied to its custom-silicon pipeline.

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