Broadcom stock surges 10% driven by AI infrastructure momentum

Key Takeaways

• AVGO surged 10% to $372 as Google’s Gemini 3 spotlighted TPU chips built with Broadcom.
• Broadcom’s long-running chip partnership with Google becomes key AI revenue driver.

Share this article

Broadcom jumped 10% to $372 on Monday after Google’s Gemini 3 update reignited focus on their joint TPU chip development. Alphabet climbed 5% as investors responded to Gemini’s AI performance gains.

- Advertisement -

Broadcom has partnered with Google since 2016 to build TPUs, now in their seventh generation. Gemini 3, trained mostly on these chips, is seen as a cost-efficient alternative to GPU-based systems.

The TPU program is a growing revenue source for Broadcom as Google Cloud expands AI infrastructure. The stock is now nearing its 52-week high of $386.