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Google, Meta and Anthropic Ship New Models as Broadcom Doubles AI Chip Outlook and Snowflake Raises Forecast

September 3, 2026 at 13:03 EDT

Foundation Models
Infra & Chips
Sales & Business

Anthropic, Google, and Meta released new large language models within two days, while Broadcom said AI chip revenue will double in fiscal 2027 and again in 2028 even as its shares slipped, and Snowflake jumped after lifting its annual product-revenue forecast.

September 2–3, 2026 · AI labs and markets

A two-day model wave, a split earnings tape

Anthropic, Google, and Meta shipped new coding and agent models while Broadcom said AI chip revenue will double twice by fiscal 2028 and Snowflake raised its year. Investors rewarded accelerating software growth and sold a chip guide that missed by a hair.

221%

Broadcom Q3 AI chip revenue growth, to $16.7B

$230B

Broadcom fiscal 2028 AI chip revenue target

+20%

Snowflake shares in extended trading after a raised outlook

$0.75

Gemini 3.8 Flash intro price per million input tokens

Broadcom AI chip revenue, drawn to scale

Same unit: AI chip sales in billions of dollars. Column height is proportional to each figure.

$16.7B

Q3 FY26 actual

$21.7B

Q4 FY26 guide

$115B

FY27 outlook

$230B

FY28 outlook

Takeaway: Management says fiscal 2027 AI chip revenue doubles from the prior $100B-plus view to $115B, then doubles again to $230B in 2028 — even after Q4 total revenue of $34.8B missed the $35.03B consensus.

Q3 AI chip sales more than tripled

Year-ago baseline versus Broadcom’s $16.7B third-quarter AI chip revenue (221% growth).

1×

Year earlier

3.2×

Q3 FY26 · $16.7B

What is landing

Cheap coding models, faster iteration. Fable 5.1 cuts cache-read cost 75%. Gemini 3.8 Flash holds $0.75/$3.75 intro pricing. Spark 1.3 uses ~25% fewer tokens than 1.2. Snowflake’s CoCo passed 9,100 accounts.

What is still stuck

Frontier gaps and a picky tape. Google has not shipped a Pro successor; 3.8 Flash may burn more tokens at high effort; Flash Cyber is gated. Broadcom still missed a $35.03B Q4 consensus. Snowflake remains unprofitable on a GAAP basis.

Court callout

Google keeps AdX; the breakup bid fails again

Judge Leonie Brinkema ordered behavioral changes to Google’s ad-tech business and declined to force a sale of the AdX exchange. The full opinion is sealed for 14 days.

Second rejected breakup remedy in a year, after the search case
Justice Department had sought a sale of AdX
Google called it a win for tools used by small businesses

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