DA Davidson

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Frontier AI & Machine Learning 28 Oct 2026, 05:00 PM IST

Broadcom Rises on DA Davidson Upgrade as Anthropic IPO Hopes Reprice the AI Trade

Broadcom shares climbed after DA Davidson raised its rating and set a $400 target, arguing the chipmaker is positioned to benefit from Anthropic’s expected public-market debut. The move added fresh momentum to a stock already tied closely to the AI infrastructure buildout, with Nvidia and AMD also edging higher as investors reassessed winners in the data-center race.

By RDU Global Wire4 min read

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Entities frequently referenced alongside DA Davidson:

Washington, D.C.(1)Broadcom(1)Anthropic(1)