# Semiconductor and infrastructure software company Broadcom (AVGO) has strengthened its position in the artificial intelligence (AI) hardware ecosystem.

*business · news · 2026-04-07 · Barchart*

## Key points

- Broadcom and Google signed a long-term deal for custom TPUs and AI rack components through 2031.
- Anthropic will access about 3.5 gigawatts of Broadcom-powered AI compute capacity starting in 2027.
- Broadcom's AI semiconductor revenue is projected to reach $10.7 billion in Q2, up 140% year-over-year.
- AI networking revenue grew 60% year-over-year and may reach 40% of total AI revenue next quarter.
- Broadcom's custom accelerator business grew 140% year-over-year, driven by major technology partners.

**Companies:** Broadcom, Alphabet, Google, Anthropic
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1182658/as-broadcom-expands-ai-deals-with-google-and-anthropic-should-you-buy-avgo-stock)

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