Broadcom agrees to lend Anthropic up to $42 billion for AI buildout
Stockwhiz•01/10/2026•06:55 ET
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Key Highlights
- ➤Broadcom (AVGO) agreed to lend Anthropic up to $42 billion for infrastructure spending
- ➤Convertible note could finance about a third of Anthropic's $125.2 billion TPU lease
- ➤Anthropic expected to become Broadcom's largest compute customer in 2027
- ➤Broadcom projects AI semiconductor revenue about $115 billion in fiscal 2027
- ➤Broadcom projects AI semiconductor revenue $230 billion in fiscal 2028
Expert Statements
Jay Goldberg, Analyst at Seaport Research
“Nvidia is putting in place a massive amount of its balance sheet, and Broadcom is having to follow suit”
Robert Leitao, Managing partner of Rothschild & Co.
“It feels that there's quite a concentrated bet right now on two companies being able to generate enough revenues to support all the financing that's happened”
Broadcom (NASDAQ: AVGO) agreed to lend Anthropic up to $42 billion for infrastructure spending, part of a relationship spanning compute supply, equipment leasing and financing.
Anthropic is expected to become Broadcom's largest compute customer in 2027. Broadcom projects AI semiconductor revenue of about $115 billion in fiscal 2027 and $230 billion in fiscal 2028.
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