Broadcom Shares Gain After Hours on Google TPU Development and Supply Pact

Deep News06:11

Broadcom's stock rose 3% in after-hours trading following the chipmaker's announcement of a long-term agreement with Google for the development and supply of Tensor Processing Units (TPUs).

Broadcom will develop and supply custom TPUs for Google's future generations of the processing units.

The company will supply networking components and other parts for Google's next-generation artificial intelligence racks, with the agreement potentially extending through 2031.

Broadcom, Google, and Anthropic have expanded their existing strategic collaboration.

Starting in 2027, Anthropic will gain access to approximately 3.5 gigawatts of computing resources through Broadcom.

Anthropic's utilization of these expanded AI computing resources is dependent on its continued commercial success.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment