Alphabet (NASDAQ: GOOGL) shocked investors with a capex budget of $175-185 billion for 2026, up from $91 billion in 2025. 60% will go to servers, focusing on semiconductor chips, while 40% will fund data centers and networking equipment like Ethernet switches. Broadcom (NASDAQ: AVGO) stands to gain the most from this spending, especially from custom chips and networking solutions for Alphabet’s AI workloads. With Broadcom’s revenue estimated to double this fiscal year, it has a promising growth trajectory ahead.

Read more at Nasdaq: Prediction: This Stock Could Be the Biggest Winner From Alphabet’s Spending Spree