US stocks move: Broadcom rises over 2% pre-market after reaching partnerships with Google and Anthropic

Glonghui, April 7｜Broadcom (AVGO.US) rose 2.64% pre-market to $322.72. According to reports, on Monday Eastern Time, Broadcom announced major cooperation agreements with Google and Anthropic. Broadcom has signed a five-year long-term agreement with Google to jointly develop and supply future generations of customized artificial intelligence chips and other components to meet the needs of Google’s next-generation AI racks. The cooperation period runs through 2031. Broadcom has also reached an agreement with AI startup Anthropic to provide about 3.5 gigawatts of AI computing power for this startup starting in 2027, which will be based on Google’s AI processors.