Broadcom Stocks Rise 2.69% as It Joins $26 Billion Anthropic Placement

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This article first appeared on GuruFocus. Broadcom (NASDAQ:AVGO) shares rose 2.69% to $328.08 as of 9:53 a.m. ET in regular trading on November 10, after Anthropic's amended filing named Broadcom as a roughly $1.0 billion buyer in a $26.0 billion private placement. The gain follows an 8.78% surge on Monday. Warning! GuruFocus has detected 3 Warning Sign with AVGO. Is AVGO fairly valued? Test your thesis with our free DCF calculator.AVGO GF Value chart Broadcom joins Google, Nvidia, AMD, Micron, Microsoft and TSMC in buying nonvoting Class N shares at the IPO price, which is set at $70 to $78. The Monday rally added more than $200 billion of combined market value to AMD and Broadcom.