The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

StocksMedium•6 April 2026•

1 min read

Broadcom Shares Surge on Expanded AI Chip Deals with Google and Anthropic

Key Facts

1Broadcom expanded its AI chip partnerships with both Google and Anthropic.

2The deals suggest Broadcom may exceed its prior AI revenue expectations.

3Broadcom's stock rose in response to the news, reinforcing its position in the hardware market.

Broadcom (AVGO) shares surged 6% to reach $333 in midday trading on Monday, accelerating from its earlier premarket gains. The rally intensified as new details emerged characterizing the agreements with Google and Anthropic as "long-term" supply contracts. Specifically, the partnership with Anthropic is dedicated to powering its "Claude" AI models, highlighting Broadcom's critical role in the generative AI ecosystem. Beyond custom ASIC chips, the company will also provide additional data center hardware to support the infrastructure needs of these tech giants. This development helps the stock recover further after a nearly 10% decline since the start of 2025. Analysts believe these comprehensive, multi-year deals solidify Broadcom's leadership and revenue visibility in the specialized AI hardware market.

about 6 hours ago

Create Free Account

Version History

5 additional sources confirmed this story

Version 2about 6 hours ago

What changed: Stock gains accelerated to 6% following details on the long-term nature of the contracts, their role in powering Claude models, and the inclusion of data center hardware.

Version 1about 22 hours ago

What changed: Added specific premarket gains (3.7%), context regarding the 10% year-to-date decline in 2025, and specified that the deals were announced on Monday.