US Stock Market Move | Planning to Raise $60 Billion to Pave the Way for Computing Power for AI Companies Broadcom Inc.(AVGO.US) Rose About 2.9%

On Friday, Broadcom Inc. (AVGO.US) shares moved higher, rising about 2.9% as of press time. On the news front, Broadcom Inc. is leading the arrangement of a $60 billion debt financing aimed at providing funding for AI companies such as Anthropic to purchase chips and build data centers, ranking among the largest debt financing deals in the AI chip sector. According to media reports citing people familiar with the matter, Broadcom Inc. is advancing this financing with Wall Street banks, of which $42 billion is planned to be issued as Class A senior secured bonds, to be distributed to investors by a bank-organized syndicate; the other $18 billion is Class B subordinated debt, led by Blackstone Inc.