Broadcom AI chip contracts: Google & Anthropic deals lift shares

Broadcom shares jumped about 3% after winning long-term AI chip contracts with Google and Anthropic. The company will provide Anthropic up to ~5GW of AI computing power starting in 2027, via Google-backed infrastructure. Broadcom also signed a long-term deal with Google to build and deliver custom AI chips and hardware for AI racks through 2031. Analysts said the agreements strengthen Broadcom’s position versus Nvidia as hyperscalers push more custom silicon to optimize performance and reduce costs. Broadcom noted that Anthropic’s demand is linked to its customer momentum and rapid revenue growth, with Anthropic revenue reportedly rising from ~$9B in Dec 2025 to ~$30B by late March. For Google, the renewed relationship highlights its effort to make its own TPUs a credible alternative to Nvidia GPUs. The article frames this as part of a broader trend: AI firms increasingly seek multiple chip suppliers for performance, resilience, and inference requirements—especially as OpenAI has explored alternatives to Nvidia as well. Traders should view these AI chip contracts as a tech-sector sentiment driver rather than a direct crypto catalyst. Still, strong signals of sustained AI infrastructure spending can support risk appetite for high-growth tech exposure.