Broadcom has secured a significant deal with Anthropic and signed a deal with Google for future versions of AI hardware. The semiconductor supplier will supply multiple gigawatts of next-generation tensor processing unit capacity for the Claude maker's artificial intelligence infrastructure. Shares have risen by 3% since Monday, while the broader market struggled. JPMorgan's Harlan Sur believes Broadcom will achieve significantly more than $120B+ of AI revenues in fiscal 2027. Of the 51 analysts covering Broadcom, 49 have a buy or strong buy on the stock. The deal is seen as a major proof point for the durability and expanding the reach of Broadcom's XPU ASIC Franchise.