Macquarie Upgrades Broadcom Amid Rising Anthropic AI Compute Demand

By EC Assets · Published 3 September 2026

Macquarie upgraded Broadcom following increased compute demand from Anthropic. Broadcom is now a key focus on Wall Street, with analysts digesting its guidance for 2027 and 2028. The company surprised the market with its 2028 earnings per share guidance. Broadcom's position in AI infrastructure is strengthening as major AI labs accelerate their custom accelerator development. Demand for these custom accelerators is outpacing supply. Analysts note that Broadcom serves as a key Nvidia alternative in this sector. OpenAI and Anthropic are among the companies driving rising AI demand for Broadcom's offerings. Broadcom anticipates achieving $230 billion in AI revenue by 2028. This revenue is driven by "Geniuses" OpenAI and Anthropic. Some risks for the company remain unresolved, . Despite these risks, Broadcom's stock received a fair value boost. Anthropic is entering the AI chip race. The company has established an in-house chip team. Forbes contributors publish independent expert analyses and insights on such developments. These analyses often view tech stocks through the lens of cultural change. Broadcom's stock fell on earnings on a recent trading day. The Dow rose on Federal Reserve comments that day. This article is intended for informational purposes only. It does not constitute investment advice.