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.
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.
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.
Source: https://cryptobriefing.com/broadcom-stock-surges-ahead-of-earnings-on-ai-infrastructure-momentum/