Broadcom in advanced talks to raise $35b to $55b in private credit for AI chip development

Broadcom is in advanced talks with Apollo Global Management and Blackstone to secure a $35b to $55b private credit financing package to support AI chip development and long-term supply agreements with clients including Google, Anthropic, Meta, and OpenAI.

If completed, this would be the largest private credit transaction on record for a technology-related deal, potentially reshaping Broadcom's capital structure and capacity to support custom AI chip programs.

Broadcom's stock has gained 100.2% over the past 1 year, 18.7% year to date, and 23.5% over the past 30 days, with the company now central to AI and data infrastructure discussions.