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Broadcom Lined Up a $63B Deal for Anthropic to Get More of Its Chips. The Stock Is Climbing
Even with Tuesday’s gains, shares of Broadcom have fallen 30% from their June record.
Credit: David Paul Morris / Bloomberg via Getty Images
Key Takeaways
Broadcom said it helped Anthropic secure $63 billion in funding to acquire more of its AI chips.
Shares of Broadcom rose following the news, though they remain in negative territory for the year.
Broadcom shares are on the rise as the chipmaker strengthens its ties with Claude maker Anthropic ahead of what’s expected to be a historic initial public offering.
Shares of Broadcom (AVGO) were up 4% in recent trading after the chipmaker said it…
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