Buffett’s Bet on Google Just Lit a Fire Under Broadcom’s Stock

Alphabet’s GOOG latest breakout rally is beginning to reshape the AI trade, and Broadcom AVGO is suddenly riding shotgun. Over the past week, Alphabet’s stock has added roughly 17% after Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) revealed its new position, a move that could be signaling a broader shift in how investors are approaching the cloud and AI complex. The stock climbed about 2% on Tuesday to a fresh high, and that renewed momentum is feeding directly into chip suppliers that sit closest to Google’s AI build-out. Broadcom has been one of the earliest beneficiaries, with shares jumping about 12% over the same period as enthusiasm around Alphabet’s newest AI model, plus speculation of a chip-related deal involving Google and Meta META, starts to surface again.

Bernstein analysts suggested that Broadcom could be positioned advantageously if the reported MetaGoogle chip deal materializes, given its role as Google’s custom chip partner and a supplier to Meta. The stock rose…