Broadcom Shares Up 2.6% on Google Deal

Broadcom shares rose 2.6% in after‑hours trading after announcing long‑term AI chip and networking agreements with Google.
The deals include a Long‑Term Agreement for custom Tensor Processing Units and a Supply Assurance Agreement for networking components through 2031.
A tri‑party expansion adds Anthropic, which from 2027 will access roughly 3.5 GW of Broadcom‑provided TPU‑based compute capacity.
Investors view the 2031 horizon as a predictable, high‑margin revenue stream for Broadcom’s custom ASIC business, reinforcing its AI supply‑chain role.