- Anthropic's S-1 filing states it plans to list on Nasdaq under the ticker ANT.
- Bank of America, Blackstone, Citi and Morgan Stanley created a special purpose vehicle that will finance $63 billion in Broadcom AI chips for Anthropic.
- Anthropic will borrow up to $42 billion from Broadcom to build out its AI infrastructure.
- D.A. Davidson upgraded Broadcom to buy from neutral and raised its price target to $400 from $350.
- Raymond James analyst Simon Leopold expects Anthropic to become Broadcom's largest XPU customer in FY27.
- Of 51 analysts covering the stock, 48 rate it buy or strong buy, per LSEG data, while shares are down nearly 5% year to date.
Quotes
“Fundamentally, the need for AI compute continues to grow at an extraordinary pace.”
“We see an attractive risk/reward equation for the stock given Broadcom's XPU customer roadmap and likely upside to expectations.”