Broadcom, Nvidia shares rise on surging Google capital expenditures for AI

Broadcom shares climbed 6% in extended trading on Wednesday after Google reported earnings and surging capital expenditures for artificial intelligence.Google said on Wednesday that it expected to spend as much as $185 billion on capital expenditures this year, which is nearly double what it spent last year. Ben Reitzes, Melius Research head of technology research, said the capex spend would be a boon for Broadcom and other names tied to Alphabet."That is an incredible number. We are laughing because that n ...