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FinancialContent - Why Are TTM Technologies ( TTMI ) Shares Soaring Today
Shares of PCB manufacturing company TTM Technologies ( NASDAQ: TTMI ) jumped 7.3% in the afternoon session after reports suggested the company could be a major winner from Alphabet's expanded spending plans for artificial intelligence (A…
Summary
Shares of PCB manufacturing company TTM Technologies ( NASDAQ: TTMI ) jumped 7.3% in the afternoon session after reports suggested the company could be a major winner from Alphabet's expanded spending plans for artificial intelligence (AI) infrastructure. Alphabet, Google's parent company, announced it planned to spend between $175 billion and $185 billion in 2026, which almost doubled its prior spending on AI systems. TTM Technologies manufactures advanced printed circuit boards, which are essential components for AI infrastructure.
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