BUZZ - Broadcom shares rise after reaching a $63 billion financing agreement with Anthropic

October 27 - ** Semiconductor and infrastructure software company Broadcom (AVGO.O) shares rose 2.5% to $337.29, hitting a two-week high

** Several Wall Street banks and Blackstone jointly raised $63 billion (link) to fund Anthropic's purchase of Broadcom AI chips

** D.A. Davidson upgraded AVGO's rating from "neutral" to "buy," stating that potential financing and listing plans by Anthropic and OpenAI will support growth in the custom chip business

** D.A. Davidson said Anthropic may account for half of Broadcom's expected 32.3-gigawatt AI chip orders

** Morningstar stated that the financing agreement between Broadcom and Anthropic could bring AVGO nearly $60 billion in revenue by 2027

** Anthropic is expected to become Broadcom's largest customer in 2027

** Rosenblatt stated that improvement in Anthropic’s credit status may reduce or eliminate the need for Broadcom to provide guarantees for future financing deals

** The current share price represents a price-to-earnings ratio (P/E) of 17.06 times projected EPS over the next 12 months, below the industry median of 18.41 times

** Out of 51 brokerages, 49 have a "buy" or higher rating, and 2 have a "hold" rating; the median target price is $525—data compiled by LSEG

** Including the day's increase, AVGO is down 2.4% so far this year

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