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Broadcom Soars 10% as Google Expands AI Partnership

11/25/2025

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Summary

Story summary

Broadcom shares surged 10.3% on November 24, 2025, closing at $375.46.
Investors credited Broadcom with a pivotal role in Google's AI infrastructure as Google expands its AI capabilities.
Analysts, including Jefferies, projected a $480 target, implying a 41% upside.
Broadcom has been Google's exclusive partner for custom AI chips since 2016 and supplies ASICs for Google's TPUs, with processing volumes nearly tripling from April to October 2025.

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Story summary

Broadcom shares surged 10.3% on November 24, 2025, closing at $375.46.
Investors credited Broadcom with a pivotal role in Google's AI infrastructure as Google expands its AI capabilities.
Analysts, including Jefferies, projected a $480 target, implying a 41% upside.
Broadcom has been Google's exclusive partner for custom AI chips since 2016 and supplies ASICs for Google's TPUs, with processing volumes nearly tripling from April to October 2025.