The AI Buildout Is Now Running on Debt. Broadcom Is Reportedly Raising Up to $80 Billion, in the Biggest Private-Credit Deal Ever.

Broadcom is in talks to borrow well over $60 billion, by some accounts $70 to $80 billion, to finance chips for the AI buildout, in a deal that benefits Anthropic and is being syndicated by the biggest banks on Wall Street. The AI story has quietly shifted from equity to leverage, and that changes the risk.