By Brian Boyle
Publication Date: 2026-11-02 05:01:00
Anthropic’s IPO is getting nearer and nearer, and no one is happier than Broadcom.
The developer of so-called custom accelerator chips (XPUs) and networking chips has been one of the biggest victims of the market’s recent AI-and-chips trade repricing purge, plummeting some 33% from an all-time high reached in early June. But Anthropic’s S-1, officially made public last week, showed Broadcom has plenty of business locked in, while a new deal struck between the two firms last week, plus the promise of an OpenAI IPO next year, suggests demand is likely to continue.
X(PU) Marks the Spot
If buying up endless amounts of GPU was Act 1 of the AI infrastructure buildout, a slow but steady transition to custom chips, which can be designed for specific tasks making them useful for certain inference heavy lifting, may just be Act 2. Analysts at Omdia, for instance, expect custom chip sales to overtake GPUs by volume as soon as 2028. Broadcom has positioned itself firmly at the…
