Broadcom (AVGO) Stock: 6% Rally on Google’s Massive Spending Plan

TLDR Broadcom shares surge 6% after-hours following Alphabet’s announcement of up to $185 billion in capital spending for 2025 Jefferies maintains Buy rating with $500 price target, implying 62% upside from $308.05 current price Broadcom expected to capture 85-90% of Google’s projected 6 million chip units in 2027, beating MediaTek on v8 and v9 chips [...]

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