StocksMediumUpdated•Originally published 11 November 2026•Updated 11 November 2026•
1 min read
Broadcom Stock Jumps 5% on Strong AI Demand and Anthropic Investment
Key Facts
1Broadcom stock jumped nearly 5% in premarket trading to reach $347.
2The rally is driven by strong AI compute demand and an anchor investment from Anthropic.
Broadcom stock jumped nearly 5% in premarket trading to reach $347. Benzinga reported that the rally is driven by strong AI compute demand and an anchor investment from the AI startup Anthropic.
The price action follows a session where AVGO closed at $331.98 on November 10, 2026. Renewed buyer interest has been triggered by the company's role as a key supplier for AI infrastructure, specifically linked to its partnership with Anthropic.
Latest Updates · 1
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Update: Broadcom shares extended gains to 5.39% following strong results from CoreWeave, which reported Q3 revenue of $3.66 billion. CoreWeave also raised its 2026 sales forecast to between $13 billion and $13.3 billion on November 11, 2026, boosting sentiment across the AI chip sector.