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Broadcom shares were up 3.38% at $325.05 during premarket trading on Tuesday.
Broadcom extended its partnership with Google to supply custom TPUs and networking components through 2031.
KEY POINTS
- Anthropic will access about 3.5 gigawatts of TPU-based compute capacity from Google and Broadcom starting in 2027.
- Anthropic's annualized revenue has surpassed $30 billion, up from $9 billion at the end of last year.
- Analysts project Broadcom could generate $21 billion in AI revenue from Anthropic in 2026 and $42 billion in 2027.
COMPANIES
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