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Broadcom Gains on AI Tailwinds as Cramer Backs Chipmaker

Broadcom Gains on AI Tailwinds as Cramer Backs Chipmaker

Author:

Global Cryptocurrency

Published:

2026-02-05 11:58:02

16

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BTCCSquare news:

Broadcom shares surged 6% in extended trading after Alphabet's $185 billion capex plan signaled robust demand for AI infrastructure. Jefferies maintains its $500 price target (62% upside), citing Broadcom's dominance in Google's chip supply chain and networking business strength.

Jim Cramer endorsed the stock as 'a winner in this environment,' noting its pullback from highs. The rally reflects growing institutional conviction in AI spending, with Broadcom positioned to capture 85-90% of Google's 6 million chip units by 2027.

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