By Daniel Sparks, The Motley Fool
Publication Date: 2026-08-17 20:37:00
Broadcom (NASDAQ:AVGO) shares fell 5.9% on Friday, closing at about $393 — nearly 21% below their 52-week high. The drop capped a difficult week for the tech sector. Among the week’s unwelcome news was a downgrade aimed not at Broadcom’s earnings but at its debt.
Early last week, Bank of America reportedly downgraded Broadcom’s bonds to market weight — the firm’s equivalent of a neutral. The reported reason was a new platform Broadcom built with Apollo Global Management and Blackstone to finance customers’ artificial intelligence (AI) data centers.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
The headline number from the note: the financing behind the platform could reach $370 billion by mid-2029, with Broadcom…