On May 29, 2026, Apollo Global Management and Blackstone Group are collaboratively spearheading a debt financing initiative valued at roughly $36 billion. This project is specifically tailored to construct AI infrastructure for Anthropic PBC. The capital raised will be allocated towards purchasing Google-customized TPU chips, which Anthropic intends to utilize on a leasing model. Broadcom, a key player that aided Google in the development of TPUs, is lending its support by facilitating the payment for the lion's share of this transaction. This arrangement is poised to emerge as one of the most significant deals within the private credit and chip financing landscapes, strategically designed to furnish Anthropic with unwavering computing power support, leveraging Broadcom's robust credit credentials.
Following the public announcement, Broadcom's stock experienced a notable uptick, climbing 1.9% in after-hours trading. Concurrently, Alphabet, the parent company of Google, also witnessed a positive market response, with its stock price increasing by 1.2%.