TLDR
- Broadcom stock rose 2.20% to $339.30 after the bell on Tuesday.
- The company will report fiscal 2026 results on Dec. 9 after the close.
- Anthropic’s amended filing named Broadcom as a roughly $1 billion buyer in a $26 billion private placement.
- JPMorgan’s Harlan Sur reiterated an Overweight rating after Google’s TPU 8i Max news.
- AVGO has a market cap of $1.58 trillion and sits well below its 52-week high of $495.
Broadcom (AVGO) stock moved higher in extended trading on Tuesday. It rose 2.20% to $339.30 after the closing bell.
The regular session was strong too. The stock finished up 3.91% at $331.98, based on Benzinga Pro data.
Earlier in the day, Broadcom was up 2.69% to $328.08 around 9:53 a.m. ET. That came on the heels of an 8.78% jump on Monday.
WHO'S BUYING THE $26B OF ANTHROPIC STOCK IN THE PRIVATE PLACEMENT
• Google: $10.0B
• Nvidia: $10.0B
• AMD: $2.5B
• Broadcom: $1.0B
• Micron: $1.0B
• Microsoft: $1.0B
• TSMC: $500MAll at the IPO price, per Anthropic's updated SEC filing. pic.twitter.com/Cfqi3dTsDB
— Wall St Engine (@wallstengine) November 10, 2026
Broadcom also set a date for its next report. It will post fourth-quarter and fiscal 2026 results on Dec. 9, after the market close.
A conference call follows at 2 p.m. Pacific Time. Management will discuss results and the outlook.
Anthropic Filing Puts Broadcom on the Buyer List
The other big headline came from Anthropic. An amended filing named Broadcom as a buyer of about $1 billion in a $26 billion private placement.
Broadcom joins Google, Nvidia, AMD, Micron, Microsoft and TSMC. The group is buying nonvoting Class N shares at the IPO price, which is set at $70 to $78.
Against a market value near $1.53 trillion, $1 billion is about 0.07%. So the stake is small in dollar terms.
Chip stocks had a rough start to the month. The Philadelphia semiconductor index lost over 12% in one session on Nov. 5.
Monday’s rebound added more than $200 billion in combined market value to AMD and Broadcom. Tuesday’s gains kept the bounce going.
JPMorgan analyst Harlan Sur also weighed in. He said Google’s newly announced TPU 8i Max fits Broadcom’s custom chip roadmap.
Sur kept his Overweight rating on the stock. Google did not name Broadcom as a supplier.
Last Quarter and the Numbers Now
Broadcom beat expectations in its last report in September. Revenue came in at $29.59 billion, ahead of the $29.44 billion estimate.
Earnings per share hit $3.32, versus the $3.16 analysts expected. That is a beat of 5.06%.
Broadcom now has a market cap of $1.58 trillion. Its 52-week range runs from $289.77 to $495.
The stock is down roughly 7.37% over the past 12 months. It trades at 20.57% of its 52-week range, and its RSI sits at 49.40.
GuruFocus puts the GF Value at $447.22, which leaves the stock 26.64% below that mark. The next test comes Dec. 9, when Broadcom reports fiscal fourth-quarter results.
