Broadcom Shares Up 11% on SOXX Record Rally and Google’s $40B Anthropic Pact
Broadcom shares rose 11% as Intel’s 21% Q1 AI data center order surge fueled a semiconductor rally that lifted SOXX’s record 17-day win streak and a 30% April gain. Broadcom will benefit from Google’s five-gigawatt cloud computing commitment tied to its $40 billion Anthropic investment deal.
1. Semiconductor Rally Dynamics
Intel crushed Q1 2026 earnings estimates with a 21% surge on AI data center orders, sparking a broad semiconductor rally. The Philadelphia Semiconductor Index notched a record 17-day win streak, while SOXX climbed 30% in April, marking the strongest monthly gain since 2014.
2. Broadcom’s Stock Reaction
Broadcom led major chip names with an 11% share price jump as investors piled into semiconductor equities. The company’s networking and infrastructure segments gained momentum amid heightened AI computing demand across data centers.
3. AI Cloud Computing Deal
Under the Google-Anthropic pact, Google Cloud will supply five gigawatts of computing power over five years, building on a three-way agreement with Broadcom. This commitment ties into a $40 billion Anthropic investment and positions Broadcom to capture increased infrastructure chip revenue.