Broadcom Stock Slides on Slower-Than-Expected Anthropic Orders
The share price of Broadcom (AVGO), a leading semiconductor firm, fell to $318, followed by RBC’s top analyst Srini Pajjuri downgrading her rating for the firm. She decreased the target price from $370 to $340, and signalled to ‘hold’ the shares. The downgrades highlight the fear of Anthropic’s TPU ramp-up ending by mid-2027. Broadcom’s revenue … Read more



