By Joseph Wilkins
Publication Date: 2026-04-07 10:30:00
Jonathan Raa | Nurphoto | Getty Images
Broadcom shares rose more than 6% on Tuesday, their second-best day of the year, after the chip designer announced it would produce future versions of artificial intelligence chips for Google, and signed an expanded deal with Anthropic.
The pact with Anthropic will give the AI startup access to about 3.5 gigawatts worth of computing capacity, drawing on Google’s homegrown tensor processing units, or TPUs.
Broadcom’s stock has endured a tough start to 2025, falling almost 10% prior to Tuesday’s rally, as concerns about the AI buildout coupled with soaring energy costs caused by the war in Iran pushed investors out of many leading tech names.
Analysts at Mizuho maintained their buy recommendation on Broadcom and wrote in a report on Tuesday that the deals with Google and Anthropic are a boon to the company’s AI business, and that “the tighter TPU partnership strengthens AVGO’s position.”
Last month, Broadcom reported blowout earnings, and CEO…
