Broadcom Rises After Upgrade and Anthropic Filing

Broadcom shares rose as much as 5% on Tuesday, October 27, after DA Davidson upgraded the chipmaker and Anthropic’s public filing detailed a multiyear equipment arrangement with about $161.2 billion in lease payments. The filing also described a reported $63 billion financing structure intended to support purchases of equipment for Anthropic. Broadcom closed Tuesday at $342.33, up $13.16, or 4%, according to one account. Other reported gains referred to intraday trading, with the shares climbing as much as 5%. DA Davidson analyst Gil Luria raised Broadcom’s rating from Neutral to Buy and lifted his price target from $350 to $400. The target is an analyst estimate, not a forecast of a guaranteed share price. Anthropic filed a Form S-1 registration statement on October 26 ahead of a planned Nasdaq listing. The filing describes five-year equipment leases with Broadcom carrying about $161.2 billion in rent payments, excluding interest. Payments are due quarterly once equipment is ready for service. Anthropic’s filing identifies Broadcom as a supplier and lessor, and says some capacity entered service in 2026, with further deliveries expected to begin in 2027. The lease total...