{"id":592828,"date":"2025-11-25T12:48:15","date_gmt":"2025-11-25T12:48:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/592828\/"},"modified":"2025-11-25T12:48:15","modified_gmt":"2025-11-25T12:48:15","slug":"london-stocks-edge-higher-ahead-of-rachel-reeves-autumn-budget","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/592828\/","title":{"rendered":"London stocks edge higher ahead of Rachel Reeves&#8217; autumn budget"},"content":{"rendered":"\n<p class=\"yf-1090901\">Pedro Goncalves writes:<\/p>\n<p class=\"yf-1090901\">Broadcom shares rose almost 2% ahead of the US opening bell, extending momentum after an 11% surge in the previous session, as investors bet on strengthening demand for the company\u2019s AI microchips and processors.<\/p>\n<p class=\"yf-1090901\">The stock has been lifted by optimism surrounding Alphabet\u2019s new Gemini 3 AI model. Broadcom is a key supplier of AI chips to the Google parent company, and expectations are building that the search group will increase its processor purchases as it accelerates Gemini 3 adoption.<\/p>\n<p class=\"yf-1090901\">Broadcom\u2019s custom AI chips have become increasingly important to Alphabet in the rollout of Gemini 3, which has been trained on tensor processing units (TPUs). Analysts say Alphabet\u2019s years-long investment in custom chip development through Broadcom and other partners is now yielding strategic benefits and providing a competitive edge.<\/p>\n<p class=\"yf-1090901\">Market attention is sharpening around Broadcom\u2019s role as a core supplier for Alphabet\u2019s AI infrastructure. The TPU partnership represents a key revenue stream for Broadcom as Google Cloud expands its AI capabilities.<\/p>\n<p class=\"yf-1090901\">In a note to clients, Melius Research wrote of Alphabet\u2019s TPUs: \u201cOutside of the Nvidia (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">NVDA<\/a>) GPU [graphics processing unit] for AI workloads, the TPU is the most proven AI chip out there \u2013 and now it has the most tangible momentum.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Pedro Goncalves writes: Broadcom shares rose almost 2% ahead of the US opening bell, extending momentum after an&hellip;\n","protected":false},"author":2,"featured_media":592829,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[362,748,186576,393,1880,4884,1144,619,712,16,15,1764],"class_list":{"0":"post-592828","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-autumn-budget","10":"tag-britain","11":"tag-budget-speech","12":"tag-england","13":"tag-ftse-100","14":"tag-great-britain","15":"tag-northern-ireland","16":"tag-rachel-reeves","17":"tag-scotland","18":"tag-uk","19":"tag-united-kingdom","20":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115610419625394804","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/592828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=592828"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/592828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/592829"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=592828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=592828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=592828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}