TradingKey – As of the close on October 27, Eastern Time, boosted by positive news surrounding Anthropic’s $63 billion AI infrastructure financing, Broadcom (AVGO) shares rose 4% to close at $342.33, touching an intraday high of $345.67, advancing for a second consecutive session after gaining 2.33% in the previous trading day.
$63 Billion Financing Backs Anthropic’s Purchase of Broadcom AI Chips
Bank of America (BAC), Blackstone (BX), Citi (C), and Morgan Stanley (MS) announced on October 26 a $63 billion financing arrangement to support Anthropic in expanding its AI computing power. The transaction will be executed through a newly established special purpose vehicle (SPV), which will use the raised funds to purchase Broadcom’s XPU AI…
