By Chris Neiger
Publication Date: 2026-04-07 14:52:00
Shares of Broadcom (AVGO +3.65%), a semiconductor designer, were rising today after the company said late yesterday that it will continue designing new artificial intelligence processors for Alphabet’s Google over the next five years.
Broadcom added to the good news by announcing an expanded collaboration with the AI company Anthropic, in which Broadcom will provide more AI compute capacity.
Both pieces of news helped Broadcom’s stock jump by as much as 5% this morning, and had gained 2.8% as of 10:48 a.m. ET.
Image source: Getty Images.
Expanding AI agreements
Broadcom said in an SEC filing yesterday that it will design upcoming versions of Google’s Tensor Processing Units (TPUs) and networking components for the tech giant’s artificial intelligence system through 2031.
That’s a huge win for Broadcom, and it comes at the perfect time. Investors have been increasingly worried — maybe a little too much — that AI companies will soon slow their hardware spending. That…
