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Why Is Broadcom (AVGO) Stock Up Today? $200B Google TPU Deal and Anthropic 3.5GW Pact Spark 6.2% Rally
Broadcom Inc (AVGO) shares surged on April 7, 2026, closing up 6.21% at $333.97. The rally continued into after-hours trading, with shares climbing an additional 3.75% to reach $346.50. The primary driver was a massive strategic expansion involving Alphabet (Google) and AI powerhouse Anthropic. The dual announcements have effectively locked in a decade of demand for Broadcom’s custom AI accelerators (ASICs) and networking hardware.