+2.33% to $329.17 from $321.68
What moved AVGO
- Anthropic publicly filed its S-1 prospectus with the SEC, disclosing plans to list on the Nasdaq under the ticker “ANT” and revenue of more than $16 billion in the first half of the year.
- Chip stocks broadly rallied on the filing, with the iShares Semiconductor ETF gaining roughly 3% intraday as investors read it as a sign of continued AI infrastructure demand.
- Broadcom was among the chipmakers named in Meta’s filing as a “Cornerstone Investor” with non-binding interest in purchasing part of a combined $5 billion allocation tied to Meta’s new AI financing offering.
Sources: Reuters · Yahoo Finance · StockTitan
+2.29% to $347.30 from $339.51
What moved AVGO
- Macquarie upgraded Broadcom to Outperform from Neutral and raised its price target to $490 from $437, saying the risk of Google insourcing more of its custom AI-chip work now looks largely priced into the stock
- The firm estimates Anthropic could buy more than $40 billion of Broadcom chips and networking gear in fiscal 2028, positioning it as a much bigger growth driver than previously modeled
- Macquarie raised its fiscal 2028 revenue forecast for Broadcom by 22% and lifted its EPS estimate by 12% following the reassessment
- The upgrade followed Broadcom’s fiscal third-quarter report, in which quarterly revenue grew sharply from the prior quarter to about $29.6 billion, in line with the firm’s estimates
Sources: TipRanks · Investing.com
+0.32% to $361.99 from $360.83
What moved AVGO
- Broadcom shares rose after European Union officials began examining changes Broadcom made to VMware’s licensing model following its acquisition of the company, and their potential effect on cloud providers.
- The review is focused on whether the revised licensing arrangements could limit customer choice or create difficulties for smaller cloud providers.
- EU officials have reportedly been asking European cloud companies about their reliance on VMware products and how readily they could switch to alternative providers.
Sources: Benzinga
-0.66% to $367.24 from $369.68
What moved AVGO
- Fiscal third-quarter revenue came in at $29.6 billion, above the $29.52 billion estimate, with adjusted EPS of $3.32 beating the $3.25 forecast.
- AI semiconductor revenue exceeded the $16 billion forecast the company had given last quarter.
- Shares fell about 6.5% in after-hours trading as investors focused on fourth-quarter guidance that came in below some analysts’ unofficial “whisper number.”
Sources: TipRanks
+1.21% to $368.45 from $364.03
What moved AVGO
- Broadcom is in talks with lenders to raise $70 billion to $80 billion in debt to fund a chip financing arrangement benefiting AI companies including Anthropic, with the total package potentially reaching as much as $100 billion.
- The financing is expected to include a senior secured tranche of roughly $45 billion and a junior tranche of about $35 billion, though both figures could still shift.
- Private-credit firms Blackstone and Apollo Global Management are among the lenders reported to be in talks to participate.
Sources: Bloomberg · CNBC · SiliconANGLE
-5.94% to $392.99 from $417.82
What moved AVGO
- Security researchers said attackers began exploiting a VMware vCenter flaw, tracked as CVE-2026-59310, with compromised systems traced to hundreds of IP addresses across dozens of countries.
- Broadcom had disclosed the vulnerability on July 29 and issued an emergency patch, but exploitation of unpatched systems reportedly began in early August.
- Bank of America downgraded Broadcom’s issuer and bond ratings, citing risk tied to the AI XPV chip-financing platform Broadcom built with Apollo and Blackstone.
- The BofA analyst said the financing vehicle could carry a large amount of senior debt by 2029 if scaled up, adding to investor concern about lower margins from custom AI silicon.
Sources: TipRanks · TradingKey