Broadcom stock rises 5% on upgrade and Anthropic IPO filing
Photo: Crypto Briefing
DA Davidson moved Broadcom to Buy after Anthropic's S-1 showed the chipmaker as its largest infrastructure partner Broadcom shares climbed as much as 5% on Tuesday, October 27, 2026. The move came a day after Anthropic filed to go public, and after one analyst decided the filing changed his view of the chipmaker. The S-1 named Broadcom as Anthropic’s largest infrastructure partner, with agreements valued at $161.2 billion. Few things move a stock like a customer publishing its spending plans in a regulatory filing. DA Davidson analyst Gil Luria raised his rating on Broadcom (AVGO) from Neutral to Buy.
Source: Crypto Briefing
