SAMUELI HENRY sold $250.0M of AVGO (indirect holdings)

Anthropic reported a 47% revenue increase to $16.962 billion but swung to a $567 million operating loss. The AI company, preparing for an IPO, has committed $895.4 billion to AI infrastructure, with Broadcom, Google Cloud, SpaceXAI, and AWS as key suppliers. SK hynix is considering DRAM production in Ohio, while LG Energy Solution saw a 25.7% rise in Q3 operating profit.

U.S. tech stocks rebounded on Nov 3, with the Nasdaq up 0.9% and S&P 500 up 0.4%, driven by semiconductor gains. Nvidia and Broadcom rose 2.3% and 3.1%, respectively, while Apple fell 1.9%. AMD reported $13.4B in revenue, beating expectations. Palantir dropped 1.6% despite 96% revenue growth. Oil prices rose due to Middle East tensions. Gold and silver saw minor gains. Investors watched U.S. midterm elections.

Broadcom Inc. shares rose 3.1% on Tuesday after disclosures revealed $161.2B in hardware lease obligations from AI startup Anthropic. The company's AI semiconductor revenue reached $16.7B in Q3, up 221% YoY, with targets of $115B for 2027 and $230B for 2028. Shares closed at $332.13, trading between $326.605 and $335.74.

Broadcom ended standalone licensing for VMware Telco Cloud Platform, integrating it into VMware Cloud Foundation. Existing customers will transition to the new offering. Broadcom claims this simplifies telco cloud management. The change follows Broadcom's acquisition and licensing disputes with telecom operators.

Marvell (MRVL) announced an all-stock acquisition of Lumentum (LITE), approved by both boards. TrendForce says the combined entity could challenge Broadcom's (AVGO) lead in AI optical communications, with a potential 7% revenue share in the semiconductor wired communications market. The deal may reduce cloud providers' reliance on Broadcom and position Marvell for next-gen optical interconnects. China's review may focus on potential market restrictions.

Broadcom (AVGO) stock rose 3.3% to $332.81 after a $63B chip financing deal with banks, supporting AI infrastructure. The company backstops $43.5B of senior debt. Analysts maintain a 'Strong Buy' rating, citing demand strength. The Nasdaq and S&P 500 also gained, overshadowing Fed rate hike concerns.