Inference capacity, power & supply-chain risks/India Adani DC/Iran threats
Key Questions
What is the Broadcom deal with Google for TPUs?
Broadcom secured a long-term deal through 2031 for Google's TPUs, unlocking 3.5GW capacity for Anthropic by '27. This supports $10.7B Q2 AI revenue and $73B backlog. AVGO shares rose +3.6% with $471 PT.
What is Anthropic's revenue run rate and compute needs?
Anthropic surpassed $30B revenue run rate, up from $9B end-2025, amid skyrocketing demand. It expanded deals with Google and Broadcom for multiple GW compute. This positions it strongly in AI.
What supply-chain and geopolitical risks affect AI inference?
Risks include Iran threats to Stargate UAE and power/supply-chain constraints. India $15B Adani/Crusoe $40B DCs address capacity. Porat notes energy/H-1B issues.
What are the costs and capacity details for AI inference?
GPU B200 costs $14/hr; Broadcom TPU deal bigger than appears for infrastructure. Sunraycer/DTE plans 2.7GW. Capex bears at $175-185B vs Cloud +61%.
How did markets react to Broadcom's AI deals?
Broadcom shares jumped pre-bell and +3.6% after deals with Google and Anthropic. Stock had declined 4 months prior. Propels expectations for AI advancements.
What is the scale of Anthropic's Google TPU capacity?
Anthropic secured 3.5GW via Broadcom-Google deal. Revenue hits $30B run rate. Enables massive compute for AI models.
Are there concerns about Alphabet's AI bet extension?
Some view Alphabet’s AI bet as overextended, questioning perfect payoff pricing. Capex $175-185B raises flags. Cloud +61% counters bears.
What institutional bets support AI infrastructure?
Druckenmiller tripled down on Alphabet for AI quality. Meta-Anthropic seen as largest software contract. TurboQuant and others highlight supply-chain focus.
Broadcom 2031 TPU unlocks 3.5GW Anthropic '27 ($10.7B Q2 AI/$73B backlog/AVGO +3.6%/$471 PT); Iran Stargate UAE threats; India $15B Adani/Crusoe $40B; TurboQuant; GPU B200 $14/hr; Porat energy/H-1B; Sunraycer/DTE 2.7GW; capex $175-185B bears; Cloud +61%.