US Stock Market Movement | Broadcom (AVGO.US) rises about 2.9% as it plans to raise 60 billions USD to pave the way for AI company computing power

Zhitong Finance APP reports that on Friday, shares of Broadcom (AVGO.US) rose, up about 2.9% as of press time. According to reports, Broadcom is leading a debt financing deal of up to $60 billion, aiming to provide funding for artificial intelligence companies such as Anthropic to purchase chips and build data centers. The scale of this transaction ranks among the largest debt financing deals in the AI chip sector. Media sources cite insiders revealing that Broadcom is working with Wall Street banks on the financing, with $42 billion planned to be issued as Class A senior secured bonds and distributed to investors through a syndicate organized by the banks. The remaining $18 billion will be Class B subordinated debt led by Blackstone Group.