Welcome back. Chip makers like Nvidia and Broadcom are now taking a page out of some of their customers playbooks when it comes to debt. Christina Parts Nevis is here to explain in today's tech check.Christina. Well, Kelly, Broadcom plans to finance the AI boom largely off of its off its own books, I should say. So, the chipmaker is in talks to raise more than $60 billion in debt for a new AI chip deal.CNBC has learned a package that could reach as much as a hundred billion dollars which was first reported ...

>> JUST TWO MORE BELLS UNTIL THE WEEKEND. I AM JAMIE BERGER. "BLOOMBERG OPEN INTEREST" STARTS RIGHT NOW.COMING UP, BROADCOM STEEL UNDERSCORES THE SCALE OF AI SPENDING AHEAD OF NVIDIA EARNINGS. ANTHROPIC LOOKS TO TOP SPACEX, SETTING A NEW RECORD WITH THE BIGGER IPO AND A WEEK OF WHIPLASH AND TREASURIES COMES TO AN END AS TRADERS WAIT FOR SCOTT BESSENT'S NEXT MOVE. SOME OF THE STOCKS, BROADCOM IS ONE OF THEM.IT IS SAID TO BE IN TALKS TO RAISE MORE THAN $60 BILLION FOR AN AI HCHIP FINANCING DEAL. THE AGREEMENT ...

>> "BLOOMBERG TECH" IS L FROM THE HEART OF SILICON VALLEY. IED: ENTEROMEDI EXPECTS TO ANTHROPIC EXPECTS TO MATCH SPACE-X'S IPO. BROADCOM FOR AN AI CHIP THAT DEAL.ALL EYES ON NVIDIA. REPORTING EARNINGS NEXT WEEK. LET'S GET TO OUR TOP STORY.I ANTHROPIC IS AIMING FOR AN IPO THAT COULD MAKE HISTORY. THE COMPANY EXPECTS TO MATCH OR TOP SPACE-X'S DEBUT WHICH RAISED $75 BILLION. THAT IS ACCORDING TO SOURCES.THE MAKER OF CLAUDE CODE FILE PUBLICLY AS SOON AS THE END OF THIS MONTH. WE LEAD COVERAGE OF ANTHROPIC A ND ...

Let's start with your interpretation of the reporting about this vehicle that Broadcom has set up. Well, thanks so much. Lovely to see you this morning.And, you know, this is an extension of what we've been seeing for the last several months, which is extraordinary levels of debt coming to the market to build out the AI infrastructure. And the market is having some indigestion with dealing with all of this debt. Just to wrap some numbers around it, it's quite staggering.We've had over $220,000,000,000 of de ...

It's making its biggest move yet to finance the AI boom and largely this time off its own books. So CNBC David Faber has confirmed the chip maker is in talks to raise more than 60 billion. Faber is even saying close to 70 billion in debt for a new AI chip deal.A package that could reach as much as a hundred billion. The story was first reported by Bloomberg. So that's where that hundred billion dollar number it came from.But it would benefit Anthropic and other customers. One caveat though is that the repor ...

Market Dynamics & Financing Structures - Broadcom is structuring a massive debt deal totaling $100 billion [2] - The financing structure includes $60 billion to $70 billion in senior secured debt and $30 billion in junior debt, with Broadcom backstopping the senior debt [2] - Special Purpose Vehicles (SPVs) are established to purchase infrastructure, which is then leased out to end tenants [2] - The financing model resembles a proposal put together by Nvidia with six Wall Street firms to lower the barrier for scaling AI infrastructure [3] - Debt investors currently show strong market appetite for funding tech companies, either directly or through alternative financing mechanisms [6] Industry Risks & Concerns - Analysts and market observers express concern that off-balance-sheet financing structures do not accurately capture the true scale of corporate debt being accumulated [4] - Market participants discuss potential risks regarding circular financing, though third-party capital conduits help mitigate some immediate concerns [5]

VONNIE: IT IS 5:00 A. M. IN NEW YORK CITY, 10:00 A.M. IN LONDON. GOOD MORNING.I AM VONNIE QUINN WITH YOUR "BLOOMBERG BRIEF." LET'S GET YOU SET UP FOR THE DAY. THE DOLLAR UNDER PRESSURE AS INVESTORS ASSESS THE POTENTIAL FOR A BIGGER DEBT BUYBACKS AND THAT PLAN FOR FISCAL CONSOLIDATION. AI EXUBERANCE RIPPLING ACROSS MARKETS WITH SAMSUNG'S CHUNKY RETURN TO SHAREHOLDERS AND BROADCOM'S LATEST DEBT DEAL.BRENT POISED FOR A WEEKLY SURGE AS MARKETS AWAIT SECRETARY BESSENT'S ADDRESS TWO MARKETS NEXT WEEK. LET'S START ...

Macroeconomic Trends and Monetary Policy - U.S. Treasury Secretary Scott Bessent announced plans to expand purchases of higher-priced debt to address surging borrowing costs, while detailing a fiscal consolidation initiative[4][154] - The U.S. dollar faced persistent downward pressure as long-term depreciation trends continued and policy uncertainties escalated[81][82][198] - Gold prices headed for a third consecutive weekly gain, reaching over $4,550 an ounce, driven by central bank net purchases and uncertainty surrounding U.S. financial management [51][54][66] Technology and Corporate Finance - Broadcom sought to raise over $60 billion in debt through a financing deal backed by Blackstone and Apollo to support AI chip production and data center investments for companies like Anthropic[10][23][25] - Anthropic prepared for a major Initial Public Offering (IPO) targeted for late this month, aiming to match or surpass SpaceX's record-setting IPO valuation[13][14][29] - Hyperscaler capital expenditure (CapEx) surged, with projected spending expected to increase by 77% this year, driving unprecedented competition for capital and fueling debt issuance [78][79][80] Energy and Geopolitical Risks - European natural gas prices hit five-week highs as storage levels reached record lows and geopolitical tensions intensified in Ukraine and the Middle East[1][16] - The U.S. prepared to unveil economic sanctions and isolation measures targeting Iran, threatening secondary sanctions on countries such as China that continue to trade oil with Tehran[15][67][69][72] - International Maritime Organization (IMO) data indicated that approximately 6,000 seafarers and 500 vessels remained trapped in the Persian Gulf amid severe security threats and freedom of navigation constraints[167]

Financial Performance & Corporate Mergers - Monte dei Paschi launched simultaneous all-share offers to acquire Banco BPM and Banca Generali valued at 8.7 billion euros, alongside a 4 billion euro extra dividend plan to fend off a takeover [17][19][20][27] - Anthropic expects an IPO valuation matching or beating SpaceX's record of 75 billion dollars, targeting the 1 trillion to 2 trillion dollar valuation range, backed by a 10 billion dollar revolving credit line and reporting a net loss of 40 billion dollars in 2025 [2][21][2] - Samsung Electronics planned a shareholder return of up to 79 billion dollars, boosting investor optimism and driving Korean stocks higher [1] - Alibaba shares dropped almost 3% following weak earnings where profits fell 75% with capital expenditures at about 10 billion dollars, though cloud revenue growth accelerated [1] Market Trends & Industry Dynamics - Global bonds faced sustained pressure as U.S. borrowing costs rose and national debt surpassed 40 billion dollars, with 30-year U.S. term premiums surging from near zero to 80 basis points over the past five years [1][2][67] - Brent crude held steady around 94 dollars a barrel, driven by Middle East tensions and a 90% drop in oil moving through the Strait of Hormuz from prewar levels of 20 million barrels per day down to an estimated 2 million barrels per day [1][13][25] - European Central Bank watchers anticipate a 25 basis point rate hike in September following a 25 basis point hike in July, supported by resilient Eurozone economic growth despite inflation remaining above 3% [33][34] Macroeconomic Shifts & Regional Development - Germany’s industrial sector stalled under the weight of high energy and labor costs, increased Chinese competition, and a post-pandemic rebound that turned into stagnation, leading the coalition government to introduce a 500 billion euro debt-financed infrastructure fund [37][41][42] - Poland's economy crossed 1 billion dollars in GDP and attracted major foreign investments, including a 6.4 billion dollar project by Canadian firm Lundin Mining over the next decade and a potential 20 billion dollar technology park proposal by Taiwanese firms like Foxconn [54][59][61] - British consumer confidence climbed three points to -14 in August, marking a nine-point surge over two months to reach its highest level since the Labour Party took power two years ago [16][17]

Macroeconomics & Geopolitics - U.S. Treasury Secretary Scott Bessent signals bigger Treasury buybacks and a new fiscal consolidation plan to push bond yields lower, while economic isolation plans targeting Iran are set for announcement [1][5][10] - The U.S. 10-year Treasury note yield sits at 4.71%, effectively erasing all post-buyback announcement gains, as total U.S. debt surpasses $4 trillion [5][17][23] - The Bloomberg Dollar Spot Index is on track for a third consecutive week of losses, whereas Bitcoin has surpassed $70,000 for the first time in over two months following a meeting between President Trump and crypto industry leaders [6][56] Technology & Corporate Finance - Anthropic is preparing for a mega IPO targeting a valuation that could match or top SpaceX's $75 billion record share sale, with revenue growth accelerating significantly and a $10 billion revolving credit facility secured [2][3][61][64] - Broadcom is in talks with lenders to raise more than $60 billion in debt for AI chip financing to support data center capacity buildouts for customers like Anthropic [3][67] - Meta has become one of Microsoft's largest AI customers, spending hundreds of millions of dollars a year to access AI models through Microsoft Cloud Service while utilizing trillions of tokens weekly [31][32] - Samsung Electronics is planning a shareholder return plan of up to $79 billion, with funds allocated between buybacks and dividends, helping strengthen the South Korean won by 0.8% [9][10][57] Industry & Commodities - Brent crude oil hovers near $94 a barrel, close to $93.6 per barrel, driven by supply fears and Middle Eastern geopolitical disruptions, despite heading toward a weekly gain [1][4][50][53] - Ghana expects its global cocoa harvest to drop 13% next season to approximately 650,000 tons due to adverse weather and black pod disease, with cocoa prices trading around $6,000 per ton [90][91][92][94]