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Dow JonesBoeingBroadcomAnthropic
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/26/2026 | 765.37 |
| Change that session | +0.71% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Broadcom (AVGO) rose as much as 5% on Tuesday and was still up 3.5% at 11:20 a.m. ET, after DA Davidson analyst Gil Luria upgraded the stock and raised his price target to $400 from $350, implying potential upside of 22% from Monday’s close. After reviewing Anthropic’s regulatory filing ahead of its IPO, Luria noted that Broadcom is both a supplier and lessor to the AI start-up, with a non-cancelable five-year lease and deposited funds to secure compute capacity, which provides visibility into part of Broadcom’s future AI chip business. A Wall Street Journal report said CEO Hock Tan lobbied banks and private equity firms to help Anthropic secure $63 billion in financing for TPUs being developed with Google. Broadcom trades at 29 times forward earnings and 17 times next year’s expected earnings, which may look pricey, but the article cites its 0.43 PEG ratio and triple-digit growth as reasons it is reasonably priced.
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Broadcom (AVGO) rose 3% to $339.90 in early trade after DA Davidson upgraded the stock to Buy from Neutral and set a $400 price target, citing Anthropic's IPO filing. The filing names Broadcom as a supplier and lessor of Anthropic's AI computing equipment under non-cancelable five-year leases for TPU-based capacity, and Anthropic put cash into a restricted account for Broadcom's benefit in April. Broadcom's AI semiconductor revenue reached $16.7 billion in Q3 FY2026, up 221% year over year, with a Q4 FY2026 outlook of $21.7 billion. The article says this growth depends on a few customers whose funding is not yet secured, and that the leases can accelerate on certain payment or performance defaults. NVIDIA rose 1% to $218.41 and AMD 2% to $544 as chip stocks gained.
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Broadcom has finalized $63 billion in financing to help Anthropic buy its AI chips and networking gear. Meta increased the size of its Class A secondary offering to $25 billion from $22.5 billion, priced at $625 a share, while Nvidia said it is investing $3 billion in that offering. Celestica rose more than 12% after reporting a large earnings beat and issuing 2027 guidance for profits and sales well ahead of expectations. Coca-Cola raised its full-year earnings growth outlook to at least 11%, from 9% to 10% previously, and UPS raised full-year guidance, with shares up 2%. Whirlpool lowered full-year guidance after revenue and operating income came in weaker than expected, and shares fell 7%.
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