Tech stocks have been shaky, but these 20 -2-

Chip makers get a 'vote of confidence'

Meanwhile, Google's announcement that it was raising its capital-expenditures forecast for the year to between $175 billion to $185 billion should be good news for chip makers Broadcom and Nvidia, as Google (GOOGL) (GOOG) works with Broadcom on its custom chips and uses Nvidia's graphics processing units.

A lot of Google's spending will go toward chips, Gil Luria, head of technology research at D.A. Davidson, told MarketWatch. And Jefferies analyst Blayne Curtis said in a Thursday note that Google's capex guidance "offers a significant vote of confidence for AI spend moving higher."

Amazon's (AMZN) $200 billion capex forecast also bodes well for Nvidia. Sales growth for Nvidia is projected to be 54.8% in 2026, while Broadcom is expected to see 49.6% sales growth.

Don't miss: Nvidia and Oracle are flashing similar warning signs about the AI trade

-Britney Nguyen -Philip van Doorn

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02-07-26 0700ET