By Aditya Raghunath
Publication Date: 2026-04-08 09:45:00
- Price change for Broadcom stock: 6%
- $AVGO Stock Price as of Apr. 7: $334
- 52-Week High: $415
- $AVG) Stock Price Target: $472
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What Happened?
Broadcom (AVGO) stock jumped more than 6% on Tuesday — its second-best day of the year — after the company announced it would produce future AI chips for Google and signed an expanded deal with Anthropic.
- The Anthropic deal gives the AI startup access to roughly 3.5 gigawatts of computing capacity, powered by Google’s homegrown tensor processing units, or TPUs.
- Broadcom sits at the center of building those chips.
The timing matters. Broadcom stock had fallen nearly 10% coming into Tuesday, weighed down by broader concerns about AI spending and rising energy costs.
Tuesday’s rally snapped that losing streak.
Analysts responded positively.
- Mizuho kept their buy rating and…
