Locator: 49928BROADCOM.
Broadcom shares surged around February 4, 2026, following Google's announcement of an aggressive 2026 CAPEX plan with estimates ranging up to $185 billion, marking one of the largest AI infrastructure builds in history.
More broadly, the rapid scaling of custom ASIC demand.
Broadcom is a primary beneficiary because it designs and produces AI acceleerator chips (TPUs) for Google.
Broadcom predicts AI semiconductor revenue for 1Q26 at 100% y/y growth with total AI-related revenue for 2026 expected to exceed $50 billion.
While Nvidia dominates general-purpose AI chips, Broadcom has solidified its position as the leader in custom "bespoke" AI chips, with a reported $73 billion backlog in early 2026.
This surge is part of a broader, long-term trend where Broadcom has moved from a diversified chipmaker to a cornerstone AI infrastructure company, with analysts forecasting a $3 trillion market cap by 2027.
