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Broadcom won major deals with Google and Anthropic for AI chips and computing power. The company's stock rose 3%. Anthropic's revenue now exceeds OpenAI's reported run rate.
Broadcom will manufacture Google's next-generation TPU chips. The company also expanded its Anthropic contract to 3.5 gigawatts of computing capacity starting in 2027.
One supplier controlling chip production gains pricing power in a market desperate for capacity.
Anthropic's revenue run rate hit $30 billion - up from $1 billion at the start of 2025. The company now surpasses OpenAI's $25 billion run rate.
Over 1,000 businesses spend at least $1 million annually with Anthropic. This customer base doubled since February.
Broadcom's supply contracts give it leverage over pricing. The key question is whether the company delivers these chips on schedule without delays.
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