Broadcom (AVGO) Stock Hits All-Time High on Analyst Upgrades and Anthropic Deal

Broadcom shares surged 4.2% to a record $448.58 as analysts boosted price targets and the company secured a pivotal role in a $36 billion AI infrastructure financing deal. Susquehanna lifted its target to $490, while Aletheia Capital projected $525, citing Broadcom's dominance in ASIC technology and networking hardware.

The chipmaker's collaboration with Apollo and Blackstone on Anthropic's debt package underscores its strategic positioning in AI infrastructure. Meanwhile, its new partnership with FuriosaAI combines cutting-edge networking solutions with specialized tensor processors, further solidifying its technological edge.

CEO Hock Tan's ambitious $100 billion AI revenue forecast for 2027, backed by secured capacity through 2028, reflects the company's conviction in its market leadership. This bullish outlook comes as Google reportedly shifts its inferencing TPU roadmap toward Broadcom-supported architectures.