Much of Google's AI software doesn't run on industry-standard Nvidia chips, but instead on its own tensor processing units. Broadcom helps Google make its TPUs.
In this article
Broadcom
shares climbed 6% in extended trading on Wednesday after Google reported earnings and surging capital expenditures for artificial intelligence.
said on Wednesday that it expected to spend as much as $185 billion on capital expenditures this year, which is nearly double what it spent last year.
Ben Reitzes, Melius Research head of technology research, said the capex spend would be a boon for Broadcom and other names tied to Alphabet.
Broadcom, which contributes to Google's Tensor Processing Units, called for artificial intelligence revenue to double in the…
Marvell saw a $2 billion investment from Nvidia in March, as AI demand continues to surge.
Broadcom shares rose in premarket trading as the chip designer announced an extension to its deal with Google on Monday.
Broadcom said it agreed to produce future versions of Google artificial intelligence chips, and announced an expanded deal with…
The move in Broadcom comes as investors continue to push shares of Google parent Alphabet higher. The two are related through…
A new expanded agreement will allow Anthropic to tap 3.5GW of tensor processing unit (TPU) capacity from Broadcom and Google.
