By Daniel Howley
Publication Date: 2026-04-07 15:06:00
Broadcom (AVGO) stock gained in early trading on Tuesday, after the company announced two separate deals for its custom AI processors on Monday, one with Google (GOOG, GOOGL) and the other with Google and Anthropic (ANTH.PVT).
The stock of the chipmaker rose more than 3% on the news, while the rest of the market largely declined due to President Trump’s latest Iran threats.
According to Broadcom’s 8-K, the company has entered into a long-term agreement to develop and supply future custom Tensor Processing Units (TPUs) to Google, as well as a supply assurance agreement under which Google will use Broadcom’s networking components in its next-generation AI server racks through 2031.
The companies didn’t disclose the financial terms of the agreements.
Broadcom also said it is expanding its current agreement with Google and Anthropic that will allow Anthropic to access 3.5 gigawatts of Google’s next-generation TPUs. That agreement is dependent on…