CNBC reported that Broadcom is joining forces with Alphabet (the parent company of Google) in the development of artificial intelligence (AI). This move comes as investors are taking notice and reacting positively.
According to CNBC, Broadcom is investing $1.5 billion into an Alphabet-owned chipmaking startup called NeRF. The goal of this collaboration is to advance AI capabilities by improving computer chips that can process information faster and more efficiently.
Investors seem to be optimistic about the partnership, as the stock prices of both companies have seen a significant increase since the news was announced.
Source: https://www.cnbc.com/2025/11/24/broadcom-is-joining-alphabet-in-the-ai-rally-why-investors-are-jumping-in.html