Broadcom Announces AI Chip Supply Deals with Google and Anthropic

announced two significant agreements in the artificial intelligence sector.

The company will supply AI chips to Anthropic for its infrastructure.

Separately, Broadcom reached a deal to produce AI hardware for Google. These developments follow Broadcom's recent deals with Google and Anthropic. The agreements expand Broadcom's role in AI hardware production.

Investors and analysts have responded positively to the news. Broadcom shares rose amid market activity. Analysts maintain positive ratings on Broadcom's stock.

The stock has increased significantly over the past year.

Several analysts have reiterated their positive outlooks on Broadcom following the announcements.

“Analysts remain confident in Broadcom's AI growth potential.”

Wells Fargo analyst Aaron Rakers maintains an overweight rating with a price target implying significant upside. The target reflects expectations for sustained AI momentum. Rakers views Broadcom as a beneficiary of expanding network intensity in AI infrastructure build-outs.

Citi analyst Atif Malik has a buy rating and price target suggesting strong upside. Malik noted that Broadcom expects significant AI revenue growth. The analyst sees potential for substantial AI revenue. Deutsche Bank maintains a buy rating with a price target indicating upside.

Analyst Ross Seymore stated that the Google deal could result in significant revenue over the next several years. Bernstein has an outperform rating and price target implying strong upside. Analyst Stacy Rasgon indicated that Broadcom's AI revenue guidance appears conservative.

Rasgon suggested that additional revenue could boost earnings. Melius Research holds a buy rating with a price target pointing to substantial upside. Analyst Ben Reitzes highlighted Anthropic's growth. Jefferies analyst Blayne Curtis maintains a buy rating with a price target implying upside.

Curtis described the agreement as representative of ongoing partnerships in AI hardware.

The deals position Broadcom to capture a larger share of the AI chip market, which is projected to grow significantly. Stakeholders include AI developers like Anthropic and Google, as well as Broadcom's investors. Future developments may involve additional contracts or updates on revenue realization as the agreements progress.