By Proactive
Publication Date: 2026-04-07 18:10:00
Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) shares has risen 5.6% by Tuesday afternoon following the announcement of key supply agreements with Google and Anthropic as investors cheered the chipmaker’s expanding role in the AI accelerator market.
Under the agreements, Broadcom will serve as a five-year TPU design and networking supply partner for Google, supporting the tech giant’s next-generation AI racks. In parallel, Broadcom will provide Anthropic with 3.5 gigawatts of TPU capacity starting in 2027, a modest increase from prior agreements.
Bank of America analysts cited the deals as boosting the company’s long-term visibility as a main design partner for AI tensor processing units (TPUs). Analysts noted that these partnerships “significantly increase AVGO’s visibility as a longer-term main design partner” and help reduce concerns…
