Broadcom's stock fell 5% despite a DA Davidson upgrade tied to Anthropic's anticipated IPO and potential OpenAI listing next year. The semiconductor sector faced broad declines due to concerns over AI infrastructure spending and a weakening PC market. Broadcom's AI chip revenue surged 221% year-over-year in Q3 FY2026, but the selloff also hit Arm, Qualcomm, and Marvell hard, with declines of 8-10%. Investors await upcoming earnings reports and the timing of Anthropic's IPO, which could influence sentiment in this volatile sector.
Broadcom shares dropped sharply by 5.22% to USD 327.00 on Pluang as of Oct 30, 2026 22:12 WIB, reflecting significant selling pressure with 72% of orders to sell. Arm and Qualcomm also faced steep declines, down 10.55% and 10.74% respectively, while Marvell fell 8.30%. These moves highlight the volatile sentiment in the semiconductor sector amid ongoing concerns about AI infrastructure spending and market conditions.
Broadcom secured a $63 billion financing deal with Anthropic to fund its lease of AI chips, providing a strong catalyst for its ambitious revenue growth forecast. The deal supports Broadcom's expectation to double AI semiconductor revenue to $115 bil...
Broadcom's stock is currently priced at $340.24, with a 24/7 Wall St. price target of $408.73, indicating a potential 20.1% upside. Wall Street analysts are even more bullish, targeting $529.10, which is above the stock's 52-week high. The company's ...
Blackstone, Bank of America, Citigroup, and Morgan Stanley announced a $63 billion financing deal to buy AI computing equipment from Broadcom and lease it to Anthropic. Broadcom provides residual-value guarantees, protecting lenders against the risk ...
Michael Burry, known for predicting the 2008 housing crash, flagged a $537 billion financial risk in AI developer Anthropic's IPO filing. Anthropic has massive future computing commitments with suppliers like Alphabet, Amazon, and Broadcom, but its r...
Broadcom is deeply involved in the AI sector with major deals like the $63 billion Anthropic agreement and partnerships with Google, supporting strong revenue growth. Its Q3 revenue reached $29.6 billion with a healthy 46% free cash flow margin, high...
