By Yoon Geun-il
Publication Date: 2026-11-10 21:48:00
Broadcom Inc. shares advanced 3.91% on Tuesday after an amended regulatory filing revealed the semiconductor company is participating as an approximately $1.0 billion buyer in a $26.0 billion private placement for artificial intelligence firm Anthropic.
Shares of Broadcom closed at 331.98 USD, up from the prior close of 319.48 USD. The advance came even as the broader market pulled back, with the benchmark S&P 500 index declining 0.38% to end the session at 7,520.93.
According to the amended regulatory filing, Broadcom joined a consortium of major technology and semiconductor firms purchasing nonvoting Class N shares of Anthropic at an initial public offering price set between $70 and $78. Other participants listed in the filing include Google, Nvidia, AMD, Micron, Microsoft, and Taiwan Semiconductor Manufacturing Co.
