tech
Broadcom lands big deal for its specialty chips. Wall Street sees the stock rising as much as 80%
Broadcom is likely to gain a lot of ground on its recent deals with Google and Anthropic, according to several shops on the Street.
TL;DR
- Broadcom secured a deal to supply AI infrastructure for Anthropic and will produce AI hardware for Google until 2031.
- Analysts have reiterated buy-equivalent ratings and increased revenue forecasts for Broadcom, citing strong AI positioning.
- Several analysts have set price targets indicating substantial potential upside for Broadcom's stock.
- The deals are seen as a testament to Broadcom's growing influence and the expanding market for AI infrastructure.