Broadcom shares are extending a multi-day rally, trading up 3.4% after securing significant, long-term deals with Google (GOOGL) and Anthropic to supply custom AI chips and networking hardware.
- Broadcom will be the primary partner for Google's future Tensor Processing Units (TPUs) and will provide networking components for its AI data centers through 2031.
- In a parallel agreement, AI leader Anthropic will access multiple gigawatts of this TPU-based compute capacity through Broadcom to power its next-generation AI models.
- The stock's strong performance this week, including gains of 6.21% on April 7 and 4.99% on April 8, is primarily driven by these landmark partnerships, which provide substantial long-term revenue visibility in the high-growth AI sector.