Alphabet announced a plan to issue $80 billion of equity to help pay for AI infrastructure, while Nvidia CEO Jensen Huang said Marvell Technology could top a $1 trillion valuation. Both developments boosted Broadcom stock.
Alphabet's plan to raise tens of billions of dollars drew a mixed market response but signals strong demand for AI infrastructure investment, an area where Broadcom supplies components.
The two announcements indicate continued major spending by technology companies on AI infrastructure buildout.
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