NEW YORK, Feb 8, 2026, 09:45 EST — The market finished the session.
- Broadcom jumped roughly 7% Friday, finishing the session at $332.92.
- Chip stocks moved higher, with investors shifting attention back to AI-driven data center outlays on Wall Street.
- Up next, Broadcom will post its results after the bell on March 4.
Broadcom Inc finished Friday at $332.92, up $22.04, or roughly 7.1%, after moving between $313.26 and $334.90 over the course of the day. U.S. markets are closed for the weekend, so investors will have to wait until Monday to find out if the rally sticks.
Chip stocks jumped, rallying across the board after Amazon and Alphabet flagged plans to ramp up spending on artificial intelligence infrastructure. Broadcom’s fortunes are closely tied to those so-called “capex” budgets — that’s the cash customers direct into big-ticket, durable assets like data centers and the chips inside. 1
Google remains under the microscope, with analysts highlighting Broadcom’s role in supplying Tensor Processing Units—TPUs, those custom AI chips. Alphabet is projecting $175 billion to $185 billion in capex for 2026, which has reignited questions about Broadcom’s upside from a potential TPU boost and the speed at which rivals like MediaTek might grab share, according to analysts. 2
After Nvidia CEO Jensen Huang told CNBC that demand was “going through the roof” and suggested the industry could be at an “inflection point,” the mood shifted markedly on Friday. The PHLX Semiconductor Sector Index, which tracks major chipmakers, jumped close to 6%. Investors, meantime, weighed projections of more than $650 billion in potential AI outlays by Amazon, Meta, Microsoft, and Alphabet for 2026, according to Investopedia. 3
Broadcom, once just a chip supplier, has transformed into a semiconductor-and-software heavyweight thanks to takeovers like VMware. On the trading desks, it’s usually seen as a leveraged play on two fronts: how fast data centers are going up, and the state of corporate IT spending.
Broadcom found itself in the European legal spotlight too, beyond the AI chatter. On Friday, Renault announced plans to challenge a German court’s decision that sided with Broadcom in a patent spat over ethernet network cable tech, saying the outcome is one it intends to “vigorously contest.” 4
The bull case depends on cloud buyers maintaining higher spending levels, plus Broadcom’s ability to keep its pricing edge even as the custom silicon field heats up. Still, Bloomberg flagged that Broadcom is staring down the possibility of a full-scale EU antitrust investigation over VMware licensing practices—a signal that turbulence on the software front remains a real risk. 5
AVGO’s next major test lands Wednesday, March 4. Broadcom will deliver its fiscal first-quarter numbers after the bell, followed by a 5 p.m. ET conference call. On the radar: updates on cloud demand trends, and any remarks about how AI-driven volumes are impacting margins. 6
