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The chip maker has been battling high volatility since 2026 began and is currently down 7%.
Broadcom signed a long-term agreement with Google to develop custom AI chips called TPUs.
KEY POINTS
- Anthropic announced Broadcom will supply TPU compute capacity for its Claude AI platform.
- Anthropic also revealed a similar TPU supply deal with Google to support its scaling needs.
- Broadcom's stock rose 4% after these deals, despite being down 7% year-to-date.
COMPANIES
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