Broadcom Stocks Climb 4.54% as Custom AI Chips Gain Appeal After NVIDIA Shake-Up Khac Phu Nguyen Thu, November 12, 2026 at 12:56 PM EST 1 min read AVGO +5.50% NVDA -4.64% ANTH.PVT GOOGN +1.76% AMD +5.11% 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 Inc (NASDAQ:AVGO) shares climbed 4.54% to $360.88 at 9:35 a.m. ET in early regular-session trading on November 12, building on a premarket gain as NVIDIA's board confirmed the resignation of CEO Jensen Huang. CoinCentral reported Broadcom was up 2.5% before the bell and had already gained 18% this week through Wednesday's close.
Warning! GuruFocus has detected 3 Warning Sign with AVGO.
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The trade is simple: hyperscalers that design their own chips may lean harder on Broadcom while NVIDIA works through a leadership transition. Broadcom is also on the buyer list in Anthropic's amended S-1, taking 13,513,513 Class N shares, about $1 billion at the $74 midpoint, inside a $26 billion placement that includes Google, NVIDIA, AMD, Micron, Microsoft and TSMC. Pepperstone's Chris Weston framed the turmoil as an NVIDIA problem rather than an AI problem, according to CoinCentral.
GuruFocus gives Broadcom a GF Score of 98/100, with a perfect profitability rank, 7/10 financial strength and an 8/10 GF Value Rank. The GF Value of $448.79 puts the shares at a 19.6% discount, a "Modestly Undervalued" reading; reaching it would require a 24.4% increase. That gap is a model output, not a promise, and the shares still trade at about 46 times earnings. The rotation needs proof. Broadcom's next quarterly report must show AI semiconductor revenue and custom accelerator demand rising fast enough to justify this week's run.
