$Broadcom (AVGO.US)$traded down more than 5% Friday as a new estimate put an enormous number on the debt machine behind the chipmaker's AI expansion.
AVGO fell as much as 6.6% to a $390.36 session low after BofA analyst Tom Curcuruto estimated Broadcom's chip-financing vehicle could reach $370 billion of senior debt by mid-2029 at a 20-gigawatt scale, including roughly $150 billion of new issuance in 2027 alone, Reuters reported Friday.
That does not mean Broadcom itself would owe $370 billion. The financing vehicle would raise the debt, but Broadcom has agreed to backstop some of the customer-lease obligations.
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