Meta Platforms and Google Just Shared Fantastic News for Broadcom Investors
Nvidia is far from the only show in town for these massive AI spenders.
Big tech is planning a massive spending spree in 2025. Four of the largest tech companies in the world are targeting a combined $320 billion in capital expenditures (capex) this year, and most of that spending will go toward building and refreshing artificial intelligence (AI) data centers for training and using generative AI.
Nvidia (NASDAQ: NVDA) is sure to be a big winner from all of that spending. Practically all of the big tech companies reiterated the importance of their relationships with the leading designer of graphics processing units (GPUs). But comments from the management of Meta Platforms and Google parent Alphabet suggested a bright future for another chipmaker.
Broadcom (NASDAQ: AVGO) could end up being a big winner from the increase in spending by big tech in 2025 and beyond. Here's what Meta and Google said, and what it means for Broadcom investors.
