Broadcom's stock price rose 3% in after-hours trading after the chipmaker announced a long-term agreement with Google to develop and supply future generations of custom tensor processing units (TPUs), as well as network and other components for Google's next-generation AI racks, with the agreement extending through to 2031. Additionally, Broadcom, Google, and Anthropic will expand their strategic cooperation, with Anthropic set to access approximately 3.5 gigawatts of computing power through Broadcom starting in 2027, with its AI computing power expansion dependent on commercial success.
