Broadcom (AVGO) shares rose over 3% following a long-term supply agreement with Google. The deal covers custom Tensor Processing Units (TPUs) and networking components through 2031.
Anthropic will receive significant next-generation TPU capacity starting in 2027 to scale its Claude chatbot. This collaboration secures infrastructure for large-scale AI model training amid high resource competition.
The agreement establishes a multi-year revenue stream for Broadcom in the AI market. Google secures its custom chip supply chain while Anthropic gains infrastructure to meet enterprise demand.