By Joel Baglole
Publication Date: 2025-11-24 18:49:00
The stock of Broadcom (AVGO) is up 10% on expectations of growing demand for its artificial intelligence (AI) microchips and processors.
TipRanks Black Friday Sale
Specifically, AVGO stock is marching higher due to a wave of optimism surrounding Google parent company Alphabet’s (GOOGL) new Gemini 3 AI model. Broadcom is a key supplier of AI chips to Alphabet and expectations are that the search engine giant will be buying more processors moving forward.
The rally in Broadcom’s stock comes with GOOGL stock up 5% on the day amid growing investor confidence in the company’s AI products. Alphabet’s success is significant for Broadcom, which has partnered with the mega-cap tech name since 2016 to develop Tensor Processing Units (TPUs).
Broadcom’s Custom AI Chips
Broadcom’s custom AI chips are increasingly important to Alphabet as it rolls out its Gemini 3 model, which has been trained on TPUs. Analysts note that Alphabet’s investment in custom chip development…
