Broadcom Stocks Climb 5.18% as Goldman Calls Chips Oversold and Anthropic Stake Lands Khac Phu Nguyen Wed, November 11, 2026 at 11:59 AM EST 1 min read AVGO +6.83% ANTH.PVT GS +2.22% NVDA +4.29% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Broadcom (NASDAQ:AVGO) shares climbed 5.18% to $349.18 at 9:45 a.m. ET on Wednesday, November 11, in regular trading, after Goldman Sachs placed the chipmaker on its short list of top picks and argued the AI selloff had gone too far. Anthropic's amended IPO filing added a second catalyst, listing Broadcom for a $1 billion slice of its concurrent placement.
Warning! GuruFocus has detected 3 Warning Sign with AVGO.
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Goldman's James Schneider said NVIDIA trades at 12 times and Broadcom at 13 times a no-growth 2028 earnings baseline that he considers unlikely, according to 24/7 Wall St. The Anthropic filing allocates Broadcom 13,513,513 shares at the $74 midpoint. Broadcom already co-designs custom AI accelerators with labs including Anthropic and sells Ethernet gear for AI clusters, per the same report.
The stake is tiny next to a $1.66 trillion market value, but it tightens a custom-silicon relationship where switching costs build over multiple chip generations. The bear case is concentration: a few AI labs drive the accelerator story, so any capex pause could hit hard. GuruFocus gives Broadcom a GF Score of 98/100, with Profitability Rank 10/10, GF Value Rank 8/10, Financial Strength 7/10 and Momentum Rank 7/10. At $349.18, the shares sit 22.1% below GuruFocus's GF Value of $448.01, which GuruFocus calls "Modestly Undervalued." The next quarterly report must show custom accelerator revenue still compounding.
