Broadcom's AI Chips Boosted by Google's Gemini, Stock Surges
Update: 2025-11-24
Description
Broadcoms stock surged by nine percent following reports of Googles use of Broadcoms co-designed Tensor Processing Units for its Gemini three AI model. This development, coupled with Google Clouds new NATO contract, could lead to significant infrastructure expansion, benefiting Broadcoms AI accelerators and networking equipment. Financial analysts have responded positively, with HSBC raising its price target and Raymond James giving an Outperform rating. Broadcoms shares have been active, with a sixty-one percent year-to-date increase, and a one thousand dollar investment five years ago would now be worth over nine thousand five hundred dollars.
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