# Broadcom (AVGO) market capitalization surged past $2 trillion, fueled by soaring demand for custom AI chips and cloud networking infrastructure.

*semiconductor · news · 2026-04-27 · The Economic Times*

## Key points

- Broadcom revealed a multi-year agreement to co-develop Google's next-generation Tensor Processing Units (TPUs).
- Broadcom's AI semiconductor revenue more than doubled to $8.4 billion in the latest quarter.
- Meta signed a deal committing to Broadcom's custom AI chips through 2029 with over 1 gigawatt capacity.
- Broadcom's AppNeta is being integrated into Google Cloud for enhanced observability and network performance.
- Google is also negotiating additional custom AI chip projects with Marvell, diversifying its supplier base.

**Companies:** Broadcom, Google, Meta, Marvell
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/broadcom-hits-2-trillion-valuation-how-ai-chip-surge-google-and-meta-deals-and-etf-buzz-is-driving-avgo-rally/articleshow/130554545.cms)

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