By tradingkey.com
Publication Date: 2026-10-27 08:51:00
TradingKey – Broadcom (NASDAQ: AVGO) rose 2.33% to $329.17 on Monday, October 26, after reaching an intraday high of $332.12. After the close, banks and Blackstone announced $63 billion of financing for Anthropic to buy Broadcom’s AI chips, and after-hours trade reached $333.50. That gain faded, and quotes near $328.81 prevailed overnight.
The stock trades approximately 34% below its 52-week high of $495.00, even though its AI revenue is growing. Investors no longer doubt the demand for Broadcom’s AI chips. They are interested in how much Broadcom is assisting in funding.
$63 Billion Anthropic Financing
Bank of America, Citigroup, and Morgan Stanley are arranging the $43.5 billion senior debt portion, and Blackstone is providing the junior debt portion of the financing. A special purpose vehicle (SPV), formed for this financing, will purchase Broadcom’s AI chips and networking equipment and lease the equipment to Anthropic, with deliveries starting in 2027.
Broadcom is the seller….
