Broadcom's AI chip sales are running up 236% to $21.7B this quarter, but it's lending Anthropic up to $42B to help pay for them. Vendor financing cuts both ways: 48.6% operating margins say the pricin

What happened: Broadcom (NASDAQ:AVGO) guided AI chip sales to $21.7 billion this quarter, up 236% year over year, while Reuters reported, based on Anthropic's IPO filing, that Broadcom will lend Anthropic up to $42 billion. Key numbers: AI chip sales guidance $21.7 billion, up 236% from a year ago, versus 221% growth in the prior quarter. Why it matters: The loan makes Broadcom both supplier and lender to a customer, adding to worries about circular financing, and the report did not disclose the loan's interest rate, repayment schedule or collateral, so the true exposure is hard to judge. Market: +1.7% today ($335.94), -3.2% YTD, 0.5x vol — as of 19:47 UTC

Broadcom (NASDAQ:AVGO) guided AI chip sales to $21.7 billion this quarter, up 236% year over year, while Reuters reported, based on Anthropic's IPO filing, that Broadcom will lend Anthropic up to $42 billion.

The loan makes Broadcom both supplier and lender to a customer, adding to worries about circular financing, and the report did not disclose the loan's interest rate, repayment schedule or collateral, so the true exposure is hard to judge. Market: +1.7% today ($335.94), -3.2% YTD, 0.5x vol — as of 19:47 UTC