The Kobeissi Letter
The Kobeissi Letter|Oct 07, 2026 21:35
BREAKING: Broadcom, AVGO, is seeking more than $50 billion in financing for OpenAI’s custom AI chip, which the firms are developing together, per WSJ. Apollo and Blackstone are among the lenders Broadcom has talked to about participating in the deal. The financing is intended to help Oracle bridge the gap between when it has to pay for the hardware and when its cloud computing revenue starts coming in.
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