US Stock Movement | Broadcom(AVGO.US) opened up nearly 4%, supplying TPU chips for Google and providing computing power for Anthropic

LootboxPhobia · 2026-04-07T23:11:49+00:00

Broadcom has reached a partnership agreement with Google to produce future AI chips for Google and has signed an agreement with Anthropic to provide approximately 3.5 gigawatts of computing power. It is expected that Broadcom will generate $21 billion and $42 billion in AI-related revenue in 2026 and 2027, respectively.

LootboxPhobia

2026-04-07 23:11:49

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Zhitong Finance APP learned that on Tuesday, Broadcom (AVGO.US) rose nearly 4% at the open, to $324.48. On the news front, according to the regulatory filing that Broadcom submitted to the SEC on Monday, the company has agreed to produce future versions of artificial intelligence chips for Google. It also signed an expanded agreement with Anthropic, allowing Anthropic to obtain about 3.5 gigawatts of computing power, which will be based on AI processors provided by Google.

Under this new long-term agreement, Broadcom will design and supply customized tensor processing units (TPUs) for Google’s next-generation AI accelerators. It will also provide networking equipment and related components for Google’s new generation of AI data center racks. The partnership will last through 2031. Meanwhile, Broadcom, Google, and Anthropic have further deepened their strategic cooperation. Starting in 2027, Anthropic will obtain about 3.5 gigawatts of next-generation TPU-based AI compute power through Broadcom, which is also part of its multi-gigawatt-level expansion plan.

After the earnings call, a team led by Mizuho Securities analyst Vijay Rakesh estimated in a report that Broadcom will generate $21 billion in AI-related revenue from Anthropic in 2026 and reach $42 billion in 2027.

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