Broadcom Stock Rises on Google, Anthropic AI Deals

Broadcom shares rose in early trading after the company announced two artificial intelligence–related deals involving Google and Anthropic, Yahoo Finance reported.

Broadcom also said it is expanding its existing partnership with Google and Anthropic. (Photo: Broadcom)

The chipmaker’s stock gained more than 3 percent following the announcement, even as the broader market declined amid geopolitical tensions.

According to a regulatory filing, Broadcom entered into a long-term agreement to develop and supply future Tensor Processing Units (TPUs) for Google.

The deal also includes a supply assurance agreement under which Google will use Broadcom’s networking components in its next-generation AI server infrastructure through 2031.

Broadcom also said it is expanding its existing partnership with Google and Anthropic, enabling the AI firm to access up to 3.5 gigawatts of Google’s next-generation TPU capacity.

The arrangement is contingent on Anthropic’s continued commercial growth.

Anthropic’s momentum appears strong, with the company reporting a revenue run rate exceeding $30 billion, up from $9 billion at the end of 2025.

The number of enterprise customers spending more than $1 million annually has also doubled from 500 in February to 1,000 as of early April, driven by demand for its Claude AI platform.