Why Artificial Intelligence Stocks Broadcom, Alphabet (Google), and Marvell Technologies Are Rising Today

Motley Fool
2025.01.30 19:06
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Artificial intelligence stocks, including Broadcom, Alphabet, and Marvell Technologies, saw gains today amid positive earnings reports and investor optimism. Broadcom shares rose 4.5% following Meta's announcement of significant AI investments, which could benefit Broadcom's chip development. Alphabet's stock increased due to analysts raising price targets, citing growth in Google Search and cloud services. Marvell's rise is attributed to similar trends in AI chip demand. Despite concerns over AI valuations, earnings reports are sustaining investor interest in these stocks, particularly Alphabet, which analysts believe is undervalued in the AI sector.