On August 15, Broadcom witnessed a significant drop in its stock price, nearly 7%, during Friday’s trading session. This decline came as the market directed its attention towards Broadcom's financing approach for expanding its AI infrastructure. Analysts from Bank of America forecast that, by mid-2029, Broadcom's financing platform tailored for AI chip customers could amass senior debt of up to $370 billion, with new debt issuances potentially hitting approximately $150 billion in 2027. This projection is rooted in the assumption of a data center operating at a 20-gigawatt scale. While the financing platform shoulders the debt, Broadcom has already extended guarantees for certain customer lease payments, with the initial transaction guaranteeing around $29 billion.

Launched in June of this year, this innovative financing model is spearheaded by Apollo Global Management and Blackstone Group, which have collectively injected $35 billion into Broadcom's AIXPV platform. The initial influx of funds is earmarked to support Anthropic in constructing computing capacity exceeding 1 gigawatt. Looking ahead, the platform has ambitious plans to offer over 20 gigawatts of computing power by 2028. Consequently, the magnitude of Broadcom's future guarantees is poised to become a focal point of market scrutiny.