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Broadcom Inc. (NASDAQ:AVGO) shares rose on Thursday morning. The stock is outperforming the Nasdaq, which slipped 0.42%. This surge follows massive capital expenditure signals from tech hyperscalers.
• Broadcom stock is showing upward movement. Why are AVGO shares climbing?
Hyperscaler Spending Validates AI Demand
Investors are reacting to earnings from Meta Platforms Inc. (NASDAQ:META) and Microsoft Corp. (NASDAQ:MSFT). These giants signaled continued investment in artificial intelligence infrastructure.
Analysts at JPMorgan project that the top four U.S. hyperscalers will drive a $200 billion increase in data center capex by 2026.
Analysts Call …
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