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Broadcom (AVGO) shares are up 3.5% in pre-market trading on announcing multiyear chip deals with Alphabet (GOOGL) and AI.
Broadcom secured a multiyear deal to supply custom TPUs and networking components to Google through 2031.
KEY POINTS
- 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
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