Nasdaq Composite gains 295 points: Broadcom leads afternoon AI rally
Published on 10/27/2026 at 18:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI financing and Fed dates
- Nasdaq Composite trades at 26,464 points at 1:06 p.m. ET, up 295 points or 1.1 percent on October 27, 2026.
- Broadcom rises 3.3 percent after a USD 63 billion Anthropic chip-financing deal.
- Nvidia gains 0.8 percent as semiconductor stocks extend the AI-led advance.
- The Fed decision is due October 28, 2026, at 2:00 p.m. ET; a hold is expected.
The Nasdaq Composite is up 295 points, or 1.1 percent, at 26,464 points at 1:06 p.m. ET on October 27, 2026, Nasdaq data show. Broadcom's USD 63 billion financing deal for Anthropic is supporting chip stocks, CNBC reports.
Broadcom is up 3.3 percent after announcing the financing arrangement, while Boeing is down 1.6 percent after reporting a larger quarterly loss than expected, the Associated Press reports. Since 12:46 p.m. ET, the Nasdaq Composite has added 292 points, or 1.1 percent, from 26,172 points.
Why is the Nasdaq Composite rising today?
Anthropic's initial public offering filing renewed interest in artificial intelligence infrastructure. The filing followed a USD 63 billion financing deal for Broadcom chips and networking equipment, CNBC reports. The move also lifted Nvidia by 0.8 percent, according to the Economic Times.
Nasdaq Composite extends its opening gain
The index advanced more than 0.5 percent shortly after the opening bell as semiconductor shares gained, TradingView reported. The session is also unfolding as the Federal Open Market Committee begins its two-day meeting.
What comes next for Nasdaq Composite
- October 28, 2026, 2:00 p.m. ET: Federal Reserve interest-rate decision; markets expect the target range to remain 3.75 percent to 4.00 percent, Kiplinger reports.
- October 28, 2026, 2:30 p.m. ET: Federal Reserve Chair Kevin Warsh's press conference follows the decision, Kiplinger reports.
Nasdaq Composite price data for October 27, 2026
The Nasdaq Composite stood at 26,464 points at 1:06 p.m. ET on October 27, 2026, Nasdaq data show. It was up 295 points, or 1.1 percent, from the October 26 close of 26,169 points. The open, day high and day low were not included in the cited 1:06 p.m. quote.
Nasdaq Composite by the numbers on October 27, 2026
- Index: Nasdaq Composite
- Home exchange: Nasdaq Stock Market, United States
- Level at 1:06 p.m. ET on October 27, 2026: 26,464 points
- Change versus previous close of October 26, 2026: up 295 points (up 1.1 percent)
- Previous close: 26,169 points
- Next scheduled event: October 28, 2026, 2:00 p.m. ET: Federal Reserve interest-rate decision
