Broadcom Bets $102 Billion on Anthropic Chips

Key Takeaways

• Broadcom is reportedly raising $60 billion to fund chips for Anthropic, on top of a loan of up to $42 billion to lease Broadcom’s chips.

• That makes Broadcom both Anthropic’s chip supplier and its lender, so more of its growth now depends on a single customer.

• $60 billion of new debt alone would nearly double the $66.5 billion of total debt Broadcom carried at the end of fiscal 2025.

• Analysts expect revenue to rise from $63.9 billion in fiscal 2025 to $272 billion by fiscal 2028, and Anthropic’s IPO, reportedly as early as mid-November, is the next thing to watch.

Broadcom (AVGO:NASDAQ) is all in on Anthropic.

Broadcom has started lining up $60 billion to finance chips for Anthropic, according to Bloomberg. That’s on top of a loan of up to $42 billion that Broadcom…