Broadcom hits record high as Alphabet commits $80 billion to AI infrastructure and Nvidia CEO predicts Marvell will become a trillion-dollar company

Broadcom (AVGO) stock climbed 5% to a record high on Tuesday. The company is the leading provider of Application-Specific Integrated Circuits (ASICs—specialized chips customized for specific AI tasks), and helps design and manufacture the high-performance cores that power Google's Tensor Processing Units (TPUs).

Alphabet announced a proposed $80 billion equity capital raise to expand AI infrastructure and compute, including a $10 billion private stock placement with Berkshire Hathaway and $30 billion to be purchased by investment banks. The magnitude of this spending suggests Broadcom will profit from its ongoing partnership with Google.

Nvidia CEO Jensen Huang stated that Marvell Technology is 'going to be the next trillion-dollar company.' Marvell started the week with a market cap of just $179 billion and had gained 141% in 2026 by Friday's close. Since Marvell is a direct rival of Broadcom in the networking and data center connectivity space, strong demand sufficient to lift Marvell's price to that degree also suggests favorable conditions for Broadcom.

Broadcom's Q2 earnings report is scheduled for after market close on Wednesday. In fiscal 2026 Q1 (ended Feb. 1), the company generated revenue of $19.3 billion, up 29% year over year, with AI solutions growing 106%. Management is guiding for Q2 revenue growth of 47% to $22 billion and adjusted EBITDA to rise 50% to roughly $14.96 billion.