Broadcom $AVGO jumps +7% as announces December 9 as the date for its Q4 and full-year 2026 earnings report. AI momentum is adding to the optimism, with Anthropic's multi-year compute lease commitment providing another potential growth driver. Broadcom also announced that its VM API open-source project has been accepted into the Cloud Native Computing Foundation Sandbox.

Broadcom $AVGO CEO Hock Tan personally stepped in to get the $63B Anthropic chip deal done. After nearly two months of negotiations, some banks were considering pulling out of the deal, known as Project North Star. The problem was growing concerns over AI-related debt and higher interest rates. Some lenders felt they weren't being compensated enough for committing more than $40B. Over the weekend, Tan held last-minute talks with bank executives, agreed to higher interest rates, and provided additional assurances around Broadcom's financial guarantees. The deal was announced Monday. Here's the interesting part: Broadcom isn't lending Anthropic $63B directly. A separate financing vehicle will purchase the chips and lease them to Anthropic, with Broadcom providing financial support for the senior debt. Another $18B in riskier debt carries no Broadcom guarantee. So Broadcom isn't just supplying the chips. It's also using its balance sheet to help make the purchases possible. Source: WS

BROADCOM $AVGO CEO HOCK TAN HAD TO STEP IN PERSONALLY TO SAVE THE $63B ANTHROPIC CHIP DEAL Some banks considered pulling out of the deal, called "Project North Star," because they felt they weren't being paid enough for the risk, per WSJ. Tan held last-minute talks with bank executives over the weekend. Broadcom agreed to higher interest rates and gave banks more comfort on its guarantees against losses if Anthropic can't pay.