Broadcom Forecasts Anthropic Will Overtake Google as Top Customer
After reporting better-than-expected Q3 earnings and revenue, Broadcom highlighted a significant shift in its customer landscape. The company expects sales to AI firm Anthropic — known for the Claude model — to surpass those from Alphabet's Google division by 2027. This forecast is seen as more impactful than the recent earnings beat or near-miss on guidance. Broadcom noted that it is already shipping custom chips, including its Ironwood TPU, to both Anthropic and Alphabet but anticipates a dramatic increase in shipments to Anthropic ahead of an expected IPO this year. The company also expects rising demand from OpenAI for Jalapeno XPU chips used by ChatGPT. Despite the strong earnings report, Broadcom's stock dipped slightly due to a sales forecast that fell short of expectations. However, its long-term growth outlook remains robust as it continues gaining traction in AI infrastructure and custom chip markets.
Topics: AI Anthropic Broadcom IPO expectations