TradingKey – Broadcom (NASDAQ: AVGO) rose 2.33% to $329.17 on Monday, October 26, after reaching an intraday high of $332.12. After the close, banks and Blackstone announced $63 billion of financing for Anthropic to buy Broadcom’s AI chips, and after-hours trade reached $333.50. That gain faded, and quotes near $328.81 prevailed overnight.

The stock trades approximately 34% below its 52-week high of $495.00, even though its AI revenue is growing. Investors no longer doubt the demand for Broadcom’s AI chips. They are interested in how much Broadcom is assisting in funding.