Broadcom (AVGO) has gained 26% since April 6, outperforming the S&P 500 index by approximately 20%. The company recently extended its partnerships with Google and Anthropic, with plans to extend through 2029. The company has also secured another important partnership with Meta (META), where it will deliver technology supporting Meta Training and Inference Accelerator (GMT) chips. Goldman Sachs analyst James Schneider and his team updated their opinion on Broadcom stock following the extended partnership. They believe this announcement reinforces the importance of Broadcom's role in the ongoing AI infrastructure buildout through its XPU platform and networking capabilities.