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LG UltraFine Evo 32U990A-S Hits Record-Low $1,099 on Amazon, TechRadar ReportsNewegg Labor Day Deal: 32GB Kingston Fury Beast DDR4-3200 Kit Nearly Half Price at $179.99 with CodeGalaxy Z Fold 8 inner screen corners reported with excessive giveHuawei unveils Mate XT 2 tri-fold with privacy-screen edition as Apple prepares folding iPhoneWall Street Analysts Recommend Nvidia, Uber and Marvell for Long-Term GrowthLenovo, AMD and Huawei Put Local Large-Model AI at Center of New Devices
AI Chips & Compute

Broadcom in talks to raise up to $80 billion in debt for AI chip financing, CNBC reports

Broadcom is in talks to raise $70B-$80B in debt for AI chip financing, with possible total up to $100B, as AI infrastructure deals proliferate.

AI News Feed · 2026-08-22 04:37

The financing would extend Broadcom's previous $35 billion debt round led by Blackstone and Apollo in June, part of an AI platform designed to enable 20 gigawatts of compute for Anthropic and OpenAI. Anthropic is expected to go public this fall, and Citigroup has joined Morgan Stanley, Goldman Sachs and JPMorgan as lead bankers on the IPO, CNBC said. Chipmakers are tapping historic levels of capital for the AI buildout. Nvidia said this week it will provide up to $105 billion to finance a new OpenAI data center in Ohio, according to a securities filing, and it earlier announced a $500 billion financing initiative with six large asset managers.

Broadcom shares rose about 1% on Friday but were on track for a weekly decline of roughly 6%. The stock tumbled earlier in the week after Google, Broadcom's main custom-chip customer, said it would work with Marvell. Other AI infrastructure names also sold off, with GE Vernova down 9.5% and Eaton down 6.7% week to date. Jim Cramer, founder of the CNBC Investing Club, said he is trying to gauge whether political pushback against data centers, including Pennsylvania's executive order on data center standards, is weighing on the group.

Qnity Electronics, a semiconductor-materials company spun off from DuPont, named Ken Rizvi chief financial officer effective Oct. 1, replacing interim CFO Michael Goss. Qnity shares fell almost 3% Friday, but the appointment may remove management uncertainty. Analysts at BMO Capital started coverage of Nvidia, Broadcom, Advanced Micro Devices and Marvell with buy ratings, and Micron got a buy rating from BMP Capital with a $1,300 price target. Nvidia, CrowdStrike and Salesforce will report earnings Wednesday; Nvidia's results and comments from CEO Jensen Huang could set the tone for AI stocks.