By Danny Vena, CPA
Publication Date: 2026-06-02 23:55:00
It isn’t like that company needed any help. Broadcom (AVGO +4.85%) has been experiencing strong demand for its artificial intelligence (AI) solutions for much of the past three years. Since the advent of AI in early 2023, the stock had surged 723% through market close on Monday.
Yet Tuesday saw the stock climb 5% to a record high, as a confluence of events in the AI space conspired to send the semiconductor and data center specialist to new heights.
Based on today’s catalysts, there could be more to come for Broadcom.
Image source: The Motley Fool
Alphabet makes a big, bold bet
After the market close on Monday, Alphabet (GOOGL 3.96%) (GOOG 3.92%) unveiled plans that made investors sit up and take notice. In a press release, the Google parent announced a proposed $80 billion equity capital raise “to expand AI infrastructure and compute.”
To that end, Alphabet reached an agreement with Berkshire Hathaway for a $10 billion private stock placement, adding to a stake the company has…
