BROADCOM SEEKS OVER $50 BILLION FOR OPENAI CHIPS

Broadcom is lining up more than $50 billion in financing for the custom AI chip it is building with OpenAI, with Apollo and Blackstone among the lenders in early talks, the Wall Street Journal reported. The ask nearly triples the $35 billion capital solution Apollo and Blackstone arranged for Broadcom's AI XPV platform just four months ago, which backed Anthropic's compute buildout. Private credit, not the bond market, is now carrying the AI infrastructure boom. $AVGO