Broadcom Stock Is 29% Below Its Record. After Its New Anthropic Deal, I'd Consider Buying It a Little at a Time.

Broadcom has secured a $63 billion financing deal with major banks to fund AI chip sales to Anthropic, with the company backstopping up to $43 billion in potential liability. Despite being 29% below its June record, the stock trades at a fair valuation of 18x forward earnings, with management expecting AI chip revenue to double in fiscal 2027. The analyst recommends cautious buying given concentration risk with a single customer.