#Broadcom
10 stories · 7 issues · daily Broadcom news timeline
#Broadcom timeline · newest first
Thu, Oct 8
Broadcom seeks more than $50 billion in financing for OpenAI's custom chips, with Apollo and Blackstone among those in talks
From Nvidia to Broadcom, chip sellers increasingly double as their customers' financing arrangers, and it is getting hard to tell how much AI compute demand is being held up by suppliers' own credit.
Sun, Oct 4
Anthropic's draft prospectus surfaces: a $42 billion net loss last year and at least $518 billion of compute bills over the next decade
The prospectus reduces a model company's business to arithmetic: revenue can grow twelvefold in a year and still has to outrun a ten-year compute bill that is 80% irrevocable.
Broadcom's bank group starts syndicating $60 billion of AI chip debt, giving Anthropic's compute leases their funders
When the supplier guarantees, private credit pays and the customer only pays rent, selling AI chips has become a credit business, and an order is only as good as the borrower's cash flow.
Sat, Oct 3
Broadcom's bank group starts placing $60 billion of AI chip financing, with Anthropic the main beneficiary
More of the money behind AI compute now comes from bond investors than from tech companies, so whether chips get sold increasingly depends on whether Wall Street will hold the paper.
Fri, Oct 2
Anthropic's prospectus shows Broadcom will lend it up to $42 billion to back a TPU lease worth over $100 billion
When suppliers start lending customers the money to buy their chips, the AI compute race has moved beyond selling hardware to who is willing to carry the customer's credit risk.
Anthropic could start its IPO roadshow the week of November 9 and list before Thanksgiving
The first frontier model company to go public is pricing more than itself; it is setting the valuation line public markets will accept for the whole industry.
Wed, Sep 2
Broadcom's Q3 AI semiconductor revenue jumps 221% to $16.7 billion, but Q4 guidance falls short
AI chip revenue tripled while total guidance missed, which says the non-AI business can no longer carry this company's own valuation.
Snowflake's Q2 revenue rises 35% to $1.55 billion, sending shares up more than 20% after hours
Raising the full-year guide is worth more than beating one quarter; it says the data layer is seeing booked usage, not pilots.
Fri, Aug 21
Broadcom in Talks for $60B+ in Debt to Fund Custom-Chip Infrastructure for Anthropic
AI compute bills are showing up less on buyers' financial statements and more in someone else's credit portfolio.
Wed, Aug 5
Google Leads ~$200B Financing Vehicle to Deliver Over $150B in Custom TPUs to Anthropic
For the first time, chip competition has moved from the spec sheet to the rate sheet.