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Broadcom (NASDAQ: AVGO) stock resumed its weekly rise with a 3.58% rally from $314.43 to $325.70.
Broadcom signed a multi-year AI chip supply agreement with Google and Anthropic through 2031.
KEY POINTS
- Broadcom will provide Anthropic with 3.5 gigawatts of computing power from Google's capacity.
- The agreement's value is undisclosed and Anthropic's access depends on its commercial success.
- Wall Street analysts' bullish AVGO forecasts mostly predate the Google and Anthropic deal.
- Recent delays and cancellations of data center projects raise concerns about AI infrastructure readiness.
COMPANIES
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