# Broadcom (AVGO) shares are up 3.5% in pre-market trading on announcing multiyear chip deals with Alphabet (GOOGL) and AI.

*business · news · 2026-04-07 · Markets Insider*

## Key points

- Broadcom secured a multiyear deal to supply custom TPUs and networking components to Google through 2031.
- Anthropic will access 3.5 gigawatts of Google AI processor computing power starting in 2027.
- Anthropic's annualized revenue run rate jumped to over $30 billion in 2026 from $9 billion in 2025.
- Broadcom is now cemented as Google's main design partner for next-generation AI chips and infrastructure.

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

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/broadcom-avgo-stock-rises-on-google-anthropic-chip-deals-1035998657)

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