From Yahoo Finance · · 1m 20s
Broadcom Stock Plummets 13.7% After Anthropic Slowdown
Broadcom shares drop 13.7% as Anthropic delays AI chip orders, Wall Street targets $532
In brief
Broadcom shares drop 13.7% as Anthropic delays AI chip orders, Wall Street targets $532 Broadcom's stock price gap with Wall Street's target is 56% after a 13.7% monthly drop Originally reported by Yahoo Finance.
Wall Street Target Gap
Broadcom trades at $339 versus Wall Street's $532 target, a 56% gap after a 13.7% monthly drop
Anthropic Slowdown Report
Anthropic's push to slow AI buildout triggered a 13.7% stock drop despite Broadcom's CEO saying AI revenue targets remain unchanged
AI Revenue Projections
Hock Tan projects AI revenue reaching $115 billion in fiscal 2027 and $230 billion in fiscal 2028
Hyperscaler Concentration Risk
A handful of hyperscalers drive nearly all XPU revenue, meaning a single negative headline can move shares 10% in an afternoon
Market Reaction
Broadcom shares down 13.7% in one month, breaking below 200-day moving average of $370.20
Analyst Targets
Analysts anchor targets to $115 billion AI revenue in fiscal 2027 despite Anthropic slowdown report
Competitor Comparison
Nvidia, AMD, and Marvell all saw stock declines but Broadcom's 56% target gap is the largest among AI semiconductors
Price Action
Broadcom trades at $339.27 versus $531.85 consensus target, down 2.0% year to date while S&P 500 rises 10.8%
The takeaway
Broadcom's stock price gap with Wall Street's target is 56% after a 13.7% monthly drop
