Broadcom shares have declined by approximately 32% since reaching a peak of nearly $495 in June 2026. By late October 2026, the stock was trading at about $342.
Anthropic filed for an initial public offering under the ticker ANT on October 26, 2026. The company reported revenue of $16.3 billion for the first half of 2026, representing a year-over-year increase of over 1,300%.
The S-1 filing disclosed $161.2 billion in noncancelable commitments for Broadcom equipment. Additionally, a $63 billion financing package, involving banks such as Bank of America and Citigroup, was arranged to support Anthropic's chip purchases.
Following the disclosure, D.A. Davidson upgraded Broadcom to Buy with a price target of $400. Broadcom shares rose 4% on October 27, 2026, though the stock remains roughly 30% below its June high.
