Road to Financial Freedom: Broadcom (AVGO) Just Secured a Massive Win

Mizuho reaffirmed its Outperform rating and $480 price target on Broadcom (AVGO) after the company announced a major extension of its partnership with Google and Anthropic. AVGO is currently trading around $326, giving it a market cap of approximately $1.54 trillion. What Just Happened? Broadcom, Google, and Anthropic have extended their TPU (Tensor Processing Unit) partnership through 2031. The deal covers both compute and networking components. The agreement also significantly expands Broadcom’s relationship with Anthropic, providing access to an additional 3.5 gigawatts of capacity through 2027. Anthropic’s annualized revenue has surged to $30 billion, up from $9 billion expected by the end of 2025. Mizuho estimates this partnership alone could generate more than $80 billion in cumulati...