Broadcom (AVGO) Jumps 6%+ on Major Google & Anthropic AI Chip Expansion

Broadcom shares surged more than 6% after the company announced expanded long-term partnerships with Google and Anthropic for its AI chips (TPUs). The deal strengthens Broadcom’s position as a critical supplier in the AI infrastructure buildout and signals strong multi-year demand visibility. What’s New? Broadcom will produce future generations of Google’s Tensor Processing Units (TPUs), deepening a key strategic relationship. Anthropic secured access to approximately 3.5 gigawatts of compute capacity on Google TPUs through 2027, pointing to robust and sustained demand for Broadcom’s hardware. CEO Hock Tan recently guided that AI-related revenue in 2027 could be “significantly in excess of $100 billion”— a massive number that, if achieved, would likely drive meaningful earnings upgrades. A...