Tech stocks today: Broadcom expands partnership with Google, Anthropic

US tech stocks were on a weaker footing in premarket trading as investors looked toward hopes for a truce in the war in Iran.

The hostilities in the Middle East have weighed on tech stocks for weeks, clouding the picture of whether investors are pulling back because of the war or because of sentiment toward Big Tech more generally.

On the AI front, Broadcom (AVGO) expanded its collaboration with Google (GOOG) to supply the Big Tech company with custom chips and networking and agreed to provide additional compute capacity to Anthropic (ANTH.PVT).

On Monday, OpenAI released a series of policy proposals, which it says are meant to start a conversation about how governments should address the projected social disruption AI will cause, from social safety nets to taxes.

Meanwhile, anticipation continues to build around two major IPOs: one from Anthropic expected as early as this year, as well as the public debut of Elon Musk's rocket company, SpaceX (SPAX.PVT). On Thursday, Bloomberg News reported that SpaceX was chasing a $2 trillion valuation.

That figure would put SpaceX's valuation above that of Musk's Tesla (TSLA), which had a rough week after its first quarter delivery numbers missed estimates.