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Broadcom saw its stock drop nearly 7% during Friday's trading, as the market expressed concerns over the financing model behind its AI infrastructure expansion. Analysts at Bank of America estimate that the financing platform Broadcom has constructed for its AI chip clients could accumulate up to $370 billion in preferred debt by mid-2029, with new issuances in 2027 alone potentially reaching around $150 billion. This estimate is based on a data center scale of 20 gigawatts. The debt will be borne by the financing platform and not directly by Broadcom; however, the company has provided guarantees for leasing payments for some clients, with the first transaction's guarantee amounting to approximately $29 billion. This financing model began in June of this year, led by Apollo Global Management and Blackstone, providing $35 billion in funding for Broadcom's AIXPV platform, with the initial funds intended to support Anthropic in building over 1 gigawatt of computing capacity. The platform aims to provide more than 20 gigawatts of computing power by 2028. As AI infrastructure expands, the scale of Broadcom's guarantees in the future will be a key focus for the market.