Add as a preferred source on GoogleBroadcom Shares Rise 3.91% as Anthropic Filing Lists Planned $1 Billion Purchase
The placement covers $26 billion in nonvoting Class N shares; Google, Nvidia, Advanced Micro Devices, Micron, Microsoft and TSMC are also listed as planned buyers.
Broadcom shares ended Nov. 10 at $331.98, up 3.91%, as Anthropic’s proposed IPO placement listed a planned $1 billion purchase by the chipmaker, making Broadcom a potential investor in the AI company.
The $26 billion private placement covers nonvoting Class N shares. Google, Nvidia, Advanced Micro Devices, Micron, Microsoft and TSMC are also listed as planned buyers.
Anthropic uses Broadcom chips to run Claude, but another company buys the equipment and leases it to Anthropic. The proposed share purchase would add an equity link to that indirect equipment arrangement.
After Google announced its TPU 8i Max, JPMorgan analyst Harlan Sur reiterated an Overweight rating on Broadcom. Sur said the processor aligned with Broadcom’s roadmap for custom chips. Google did not identify Broadcom as a supplier.
Broadcom recorded $29.59 billion in revenue in its latest quarterly results. It is scheduled to release fourth-quarter and fiscal 2026 results after U.S. markets close Dec. 9.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.