:max_bytes(150000):strip_icc()/GettyImages-2264128506-fc9b5e1dc2514426a7bb4b6de4ffa9ef.jpg?ssl=1 "Broadcom Stock Gains on Google and Anthropic Deals. Can It Help Revive a Flagging AI Trade?")
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Publication Date: 2026-04-07 12:00:00
Key Takeaways
- Broadcom shares climbed Tuesday after the chipmaker announced a pair of agreements to provide custom chips to Google and computing capacity to Anthropic.
- Broadcom and other semiconductor stocks have had a rough start to the year amid uncertainty around the sustainability of financing in the sector.
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Broadcom shares surged Tuesday after announcing new deals with Google and Anthropic. Can it help revive some struggling corners of the AI trade?
Shares of Broadcom (AVGO) were up 3% in recent trading, after the AI chipmaker said Monday that it will produce more custom chips for Alphabet’s (GOOGL) Google, and support additional computing capacity for Anthropic. Financial details of the deals were not disclosed.
With Tuesday’s gains, Broadcom shares recovered some of their recent losses, but remain about 6% lower for the year. Broadcom and many of its AI chipmaking peers have been…
