Broadcom has agreed to buy about $1 billion of non-voting Anthropic shares, Reuters reported. The purchase is part of a $26 billion private placement at the IPO issue price, and depends on Anthropic completing its initial public offering. Separately, Broadcom moved its open-source VM-API project into the Cloud Native Computing Foundation's sandbox. It will also co-chair a new Kubernetes Workload Conformance Working Group. Broadcom shares rose 4.7% on Wednesday as AI stocks rebounded. The company will report fourth-quarter and full-year results on December 9, 2026, after the US market close.

Bernstein senior analyst Stacy Rasgon says AI infrastructure spending shows no sign of slowing. He cited growth targets from Nvidia, Broadcom, and AMD. Nvidia expects revenue to grow at least 70% next year, putting it close to $700 billion. Broadcom plans $115 billion in data center revenue next year, double its 2026 figure, and $230 billion in 2028. AMD expects total company growth of more than 80% and plans to double its server business. Nvidia trades at around 30 times forward earnings. Rasgon says that reflects investor doubts that the boom can last. He called such worries a "perennial issue." Nvidia's revenue is now more than 10 times its level in May 2023, when the buildout took off.

Broadcom has contributed its VM API project to the Cloud Native Computing Foundation (CNCF), which accepted it into its Sandbox at KubeCon North America on November 9, 2026. The project lets teams provision and manage virtual machines through Kubernetes APIs across different infrastructure providers. Broadcom will also co-chair the new Workload Conformance Working Group in the Kubernetes community. It aims to set a shared standard for how workloads run on Kubernetes. More than 20 partner solutions have been validated for VMware vSphere Kubernetes Service, including those from Datadog, Grafana Labs, CrowdStrike, and Dell. A Linux Foundation survey of 492 practitioners found virtual machines run 53% of production applications.