AVGO
NVDA
The AI tab just got a financing plan
Broadcom is reportedly working with banks and Blackstone on a roughly $60 billion package aimed at helping AI companies pay for chips and infrastructure. Translation: the AI race has become so pricey that even the people selling the shovels are figuring out how to finance the mine.
The setup includes a $42 billion senior-secured tranche and another $18 billion junior-debt tranche led by Blackstone. If it all comes together, companies like Anthropic could use the structure to access more computing power without doing the old-fashioned thing of, you know, funding it all out of pocket.
Why Broadcom cares
Broadcom isn’t just playing banker for fun. The whole point is to widen the market for its data-center products and ride the AI capex wave even harder. More financing means more customers can afford more chips, more racks, and more infrastructure — which is basically the AI economy’s version of “put it on the company card.”
The bigger AI bill is coming due
The article also lays out the scale of the spending spree: Microsoft, Amazon, Alphabet, Meta and Oracle are projected to spend about $820 billion on capex in 2026, versus roughly $750 billion in operating cash flow. That’s a fancy way of saying the AI boom is starting to look less like a sprint and more like a very expensive credit-card balance.
- Amazon has reportedly explored moving about $8 billion of NVIDIA chips into a special-purpose vehicle.
- Meta is reportedly getting ready to tap Europe’s bond market.
- NVIDIA has also worked on structures that can mobilize more than $500 billion for AI infrastructure.
Big picture: when the chipmakers start arranging the financing, you know the AI boom has entered its “this is getting weirdly financial” era.