Broadcom Seeks Over $60 Billion in Debt to Finance AI Chip Deal Benefiting Anthropic and Others

Broadcom is in talks with a group of lenders to raise more than $60 billion in debt tied to its latest AI chip financing deal, which is set to benefit Anthropic and other companies. The structure under discussion could include a roughly $30 billion junior debt tranche, and Broadcom is also exploring guaranteeing part of the senior-secured tranche, according to people familiar with the matter. The deal is part of a broader financing model in which outside investors purchase AI computing racks built on Broadcom's custom chips, AI companies lease that infrastructure, and Broadcom backstops a significant portion of the financing.

The terms are still being finalized. The development comes as Broadcom has already faced investor scrutiny over the scale of its AI financing commitments, with the stock falling sharply in recent sessions on concerns about cumulative exposure that some analysts have pegged at up to $370 billion across its pipeline of deals.