Dear Reader,
While the mainstream media obsessively tracks every tweet about the SpaceX IPO…
A much bigger—and far more lucrative—story is unfolding in the shadows.
You see, Elon Musk has a "bottleneck" problem.
He can build the rockets. He can build the satellites..
But he is currently beholden to one tiny, $4-a-share company for the single most critical component of the xAI "Colossus" network.
Without this specific "Mission Critical" hardware, SpaceX stays grounded and xAI goes dark.
Wall Street veteran Dylan Jovine just went live with a "Whistleblower Briefing."
He's naming this supplier—ticker symbol and all—before the "institutional money" floods in and slams this window shut.
Go here to see the "SpaceX Backdoor" ticker now.
More Reading from MarketBeat.com
Why Anthropic's Custom Chip Plans Could Benefit BroadcomReported by Leo Miller. Originally Published: 4/17/2026. 
Key Points
- Broadcom and Anthropic are partnering on a massive TPU deal
- Anthropic is also considering developing its own chips, providing an additional opportunity for Broadcom
- However, whether Anthropic will actually develop its own chips is far from confirmed
- Special Report: You’re Being LIED To About The Iran War
Large language model developer Anthropic is one of the top names in the artificial intelligence (AI) race and is growing rapidly. From the end of 2025 to early April, Anthropic says its annual revenue run rate increased by more than three times, from $9 billion to over $30 billion. To support that growth, the company is partnering with semiconductor giantBroadcom (NASDAQ: AVGO). Anthropic plans to access 3.5 gigawatts of Tensor Processing Unit (TPU)-based AI compute through Broadcom over the coming years — the same type of chips Broadcom has co-developed with Google parent Alphabet (NASDAQ: GOOGL).
Reports have also emerged that Anthropic is exploring development of its “own” AI chips. For investors, it’s important to understand what that could mean — and why Anthropic designing chips could still be a win for Broadcom. AI Chip Development: Why Anthropic’s Exploration Could Include BroadcomAs first reported by Reuters, Anthropic is “exploring the possibility of designing its own chip," citing three unnamed sources. The report stresses these discussions are early: Anthropic may decide to buy chips from other suppliers instead of designing its own, and it has not yet formed a dedicated team to pursue this internally. If Anthropic does move forward, the implications for Broadcom could be significant. Hearing that Anthropic might build its “own” chips may initially alarm investors who assume that implies full independence from firms like Broadcom. But that outcome is unlikely. When companies say they want to build their own chips, they often mean they want design control — while partnering with semiconductor specialists for engineering and manufacturing. The TPU is frequently called Google’s “own” chip, yet Google partnered with Broadcom to develop it. Meta Platforms (NASDAQ: META) partnered with Broadcom on its Meta Training and Inference Accelerator, and Amazon.com (NASDAQ: AMZN) worked with Marvell Technology (NASDAQ: MRVL) on its Trainium chips. This trend shows even the largest, best-capitalized companies rely on semiconductor experts. Despite Anthropic’s rapid growth, its resources are unlikely to surpass those of the big cloud and tech firms. If other major AI players partner with semiconductor stalwarts, Anthropic is likely to follow. And if Anthropic partners with Broadcom to design custom chips, the upside for Broadcom could be substantial. Expanding Beyond TPUs? Why Broadcom Could BenefitAnthropic currently purchases TPUs, but a custom-design partnership with Broadcom could be even more valuable for the chipmaker. Custom work typically commands higher margins than supplying commodity chips, so Broadcom would likely earn a richer revenue stream for design and engineering services. Margins could also improve if Google is not part of a bespoke Anthropic deal. If Broadcom currently shares revenue with Alphabet under the TPU arrangement, a direct Broadcom–Anthropic collaboration would eliminate that split and allow more value to accrue to Broadcom. The exact financial terms of the TPU arrangement aren't public, so the benefit is hard to quantify. Custom chip partnerships also tend to be multi-year commitments. While Broadcom already has a multi-year TPU arrangement with Anthropic, a fully custom solution would likely deepen and extend that relationship — a meaningful advantage given Anthropic’s rapid growth. That said, Broadcom is not guaranteed to win any custom-chip deal. Anthropic also has a close relationship with Amazon: Amazon has invested $8 billion in Anthropic, and Anthropic uses Amazon’s Trainium chips. That affiliation creates the possibility that Marvell — Amazon's custom-chip partner — could secure a design role. Anthropic’s Potential Custom Chip: All Smoke, No Fire at This PointIt’s important to stress Anthropic’s custom chip may never materialize. Still, if it does, there are clear potential benefits for Broadcom or Marvell — and competition for any deal would extend beyond those two firms. Among prospective partners, Broadcom and Marvell have the strongest ties to Anthropic. Broadcom’s connection is direct, given announced partnerships; Marvell’s link is more indirect, routed through Amazon. That makes Broadcom a particularly likely contender if Anthropic pursues a custom chip — though the outcome remains uncertain. . |
