AVGY.TO is trading at CA$16.27, up 3.83%, amid Broadcom’s Tuesday gains after DA Davidson upgraded the stock to Buy.
- The analyst set a $400 target, citing Anthropic’s IPO filing and its planned AI-compute spending.
- A wider chip-sector rebound and news of a $63 billion financing package for Anthropic-related AI infrastructure also supported AI-chip sentiment. The move appears sector-led rather than driven by broad-market news; trading volume was not provided.