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Stock impact report

Broadcom's stock jumps 6% after chipmaker expands Google, Anthropic deals [MSNBC.com]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: MSNBC.com
Broadcomthe chip designer announcedGoogleThe pact with Anthropic will give the startup access to about 3.5 gigawatts worth of computing capacity, drawing on Google's homegrown tensor processing units, or TPUs.Broadcom's stock has endured a tough start to 2025, falling almost 10% prior to Tuesday's rally, as concerns about the buildout coupled with soaring energy costs caused by the war in Iran pushed investors out of many leading tech names.Analysts at Mizuho maintained their buy recommendation on Broadcom and wrote in a report on Tuesday that the deals with Google and Anthropic are a boon to the company's business, and that "the tighter TPU partnership strengthens 's position."Last month, Broadcom reported blowout earnings, and CEO Hock Tan touted strong future demand for the company's chips. Hetold analystsMatt Britzman, an analyst at Hargreaves Lansdown, said the latest deals "should help ease some of the recent nervousness around TPU competition" and indicate that Broadcom's "l Show less Read more
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