Broadcom (AVGO) Backs Anthropic With a $1 Billion Bet as Chip Stocks Rebound
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TLDR Broadcom stock rose 2.20% to $339.30 after the bell on Tuesday. The company will report fiscal 2026 results on Dec. 9 after the close. Anthropic’s amended filing named Broadcom as a roughly $1 billion buyer in a $26 billion private placement. JPMorgan’s Harlan Sur reiterated an Overweight rating after Google’s TPU 8i Max news. AVGO has a market cap of $1.58 trillion and sits well below its 52-week high of $495. Broadcom (AVGO) stock moved higher in extended trading on Tuesday. It rose 2.20% to $339.30 after the closing bell. Broadcom Inc., AVGO The regular session was strong too. The stock finished up 3.91% at $331.98, based on Benzinga Pro data. Earlier in the day, Broadcom was up 2.69% to $328.08 around 9:53 a.m. ET.
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