● Anthropic's S-1 Reveals $161 Billion Broadcom Lease

Anthropic's IPO filing shows its hardware supplier deal is bigger than its cloud compute contracts. The company locked in lease payments worth roughly $161.2 billion with Broadcom ($AVGO) for AI accelerators, more than the up to $120.5 billion it committed to SpaceXAI for Nvidia-powered compute. Amazon's cloud agreement comes in at $110.0 billion. The disclosure lands the same day AI-buildout spending worries are dragging down tech stocks and pushing investors into Treasuries.