Nvidia and Broadcom Shares Soar on Google’s AI Spending Plans
Google parent Alphabet announced plans to spend up to $75 billion on capital expenditures this year, mostly on expanding its artificial intelligence infrastructure. This news sent shares of Nvidia and Broadcom surging. Nvidia’s stock rose 4% after Alphabet CEO Sundar Pichai confirmed the company will maintain a “strong relationship” with the chipmaker. The announcement comes … Read more