Broadcom (AVGO) Stock News

Broadcom CEO Hock Tan and Intel CEO Lip-Bu Tan said access to capital, not chip supply, is the biggest constraint on AI infrastructure expansion. The Philadelphia semiconductor index fell 2.6% for its fourth straight decline.

Broadcom is arranging over $50 billion in financing for OpenAI's custom AI chip development, with Apollo and Blackstone among potential lenders, per the Wall Street Journal.

WSJ reports Oracle, Broadcom and SpaceX are lining up tens of billions in debt financing for AI chips, with Apollo, Goldman Sachs and Blackstone as potential lenders.

Broadcom in talks with Apollo, Blackstone for lending.

Broadcom is gathering roughly $60 billion in debt financing to help Anthropic and other AI companies fund chip and infrastructure purchases. The package includes $42B in senior-secured debt and $18B in junior debt led by Blackstone, which plans to commit $9B itself.

Broadcom has agreed to provide Anthropic with up to $42 billion in financing tied to its AI infrastructure buildout. The facility could cover roughly one-third of Anthropic's $125.2 billion five-year TPU compute commitment. The debt may be convertible into Anthropic shares. Anthropic is expected to become Broadcom's largest compute customer in 2027. The filing notes potential conflicts of interest from Broadcom's dual role as hardware supplier and financing partner.

China reviews Broadcom hardware use in state-backed data centers.

Broadcom reported remaining performance obligations (RPO) of about $179.2B as of Aug 2, covering semiconductor solutions and infrastructure software segment contracts. The figure is a key backlog metric that signals future revenue visibility. The source is a third-party claim; official confirmation is pending.

Broadcom CEO Hock Tan stated at the Goldman Sachs conference that the company can lock in chip supply for 2027 and is in the process of locking in 2028 supply. The remark underscores strong demand visibility for Broadcom's custom AI accelerators and networking chips, and suggests the company is securing capacity with foundry partners well in advance. The statement comes amid rising competition from startup Celero Communications, which is developing AI networking chips on TSMC's 2nm process.

BofA lowered its price objective on Broadcom (AVGO) to $460 from $530. The cut follows Broadcom's Q3 earnings beat and ambitious AI revenue targets.

Morgan Stanley analyst Joseph Moore says Broadcom's FY2027 AI commentary of $115B is slightly below the firm's $120B estimate but in line with prior guidance. Management sees FY2028 doubling. Moore lifts estimates, sees 80%+ market share potential, and calls valuation compelling alongside NVDA.

Broadcom's CEO announced production shipments of Google's TPU v8i, ahead of MediaTek's version. The company raised its FY2026 AI revenue guidance to $58 billion from $56 billion, up 186% year-over-year. Other highlights include shipments of OpenAI's first custom accelerator 'Jalapeño,' accelerating Ironwood shipments to Anthropic, and production shipments of Meta's MTIA accelerator. The CEO noted AI demand is 'hot' and outlined multi-year deployment plans for major customers.

Broadcom Q3 revenue $29.6B (est. $29.36B), adj. EPS $3.32 (est. $3.24). Q4 revenue guide ~$34.8B (est. $35.03B). AI semi revenue $16.7B in Q3, expected $21.7B in Q4. Shares down ~4-5% after hours.

Broadcom CEO: AI revenue can double to $115B in 2027, double again to $230B in 2028.

Broadcom announced a slate of new products and partnerships at its three-day VMware event, including VMware AI Factory, AI model support in VMware Cloud Foundation, security updates, and AgentMinder for AI agent governance.

Broadcom is reportedly seeking over $60 billion in debt financing for its latest AI chip deal, with a structure that may include a $30 billion junior debt tranche and discussions with Apollo and Blackstone.