Once again, semiconductor giant Broadcom (NASDAQ: AVGO) is getting a boost from its longtime friend and Google parent company Alphabet (NASDAQ: GOOGL). Investors have been increasingly connecting the dots between these two firms. This is because Google has developed its tensor processing chips (TPUs) with Broadcom for years.
Google’s recent deal with Anthropic signals more TPU revenue for Broadcom. Analysts at Jefferies also named Broadcom as their top semiconductor pick over NVIDIA (NASDAQ: NVDA), citing the potential for increased TPU demand.
