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Broadcom (AVGO) Backs Anthropic With a $1 Billion Bet as Chip Stocks Rebound

CoinCentral·November 11, 2026·1 min read
Broadcom (AVGO) Backs Anthropic With a $1 Billion Bet as Chip Stocks Rebound

Broadcom stock rose 2.20% to $339.30 after Tuesday's bell, following Anthropic's amended filing naming Broadcom as a roughly $1 billion buyer in a $26 billion private placement. The company will report fiscal 2026 results on Dec. 9, and JPMorgan reiterated an Overweight rating after Google's TPU 8i Max news.

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