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An update from Broadcom ( (AVGO) ) is now available.
Broadcom has signed a long-term agreement with Google to develop and supply custom Tensor Processing Units for Google’s future TPU generations, alongside a supply assurance deal to provide networking and other components for Google’s next-generation AI racks through up to 2031. In a related move, Broadcom, Google, and Anthropic expanded their strategic collaboration so that, beginning in 2027, Anthropic will access through Broadcom about 3.5 gigawatts of next-generation TPU-based AI compute capacity, contingent on Anthropic’s commercial performance and supported by ongoing discussions with operational and financial partners.
These arrangements deepen Broadcom’s role at the core of hyperscale AI infrastructure, locking in long-duration demand from Google while positioning the company as a key supplier to fast-growing AI model developer Anthropic, which may strengthen Broadcom’s visibility on future revenue tied to AI compute expansion.
The most recent analyst rating on (AVGO) stock is a Buy with a $329.00 price target. To see the full list of analyst forecasts on Broadcom stock, see the AVGO Stock Forecast page.
Spark’s Take on AVGO Stock
According to Spark, TipRanks’ AI Analyst, AVGO is a Outperform.
The score is driven by strong financial performance (high margins and exceptional free-cash-flow generation) and a very positive earnings outlook led by AI growth and robust profitability guidance. These are tempered by weak technical momentum (below key moving averages with negative MACD) and a rich valuation (high P/E and low yield).
To see Spark’s full report on AVGO stock, click here.
More about Broadcom
Broadcom Inc. is a global semiconductor and infrastructure software company that designs and supplies chips and related components used in data centers, networking equipment, and other high-performance computing applications. Its products frequently underpin large-scale cloud and artificial intelligence infrastructures operated by major technology platforms such as Google.
Average Trading Volume: 26,418,746
Technical Sentiment Signal: Buy
Current Market Cap: $1489.3B
See more insights into AVGO stock on TipRanks’ Stock Analysis page.