-0.66% to $367.24 from $369.68
What moved AVGO
- Fiscal third-quarter revenue came in at $29.6 billion, above the $29.52 billion estimate, with adjusted EPS of $3.32 beating the $3.25 forecast.
- AI semiconductor revenue exceeded the $16 billion forecast the company had given last quarter.
- Shares fell about 6.5% in after-hours trading as investors focused on fourth-quarter guidance that came in below some analysts’ unofficial “whisper number.”
Sources: TipRanks
+1.21% to $368.45 from $364.03
What moved AVGO
- Broadcom is in talks with lenders to raise $70 billion to $80 billion in debt to fund a chip financing arrangement benefiting AI companies including Anthropic, with the total package potentially reaching as much as $100 billion.
- The financing is expected to include a senior secured tranche of roughly $45 billion and a junior tranche of about $35 billion, though both figures could still shift.
- Private-credit firms Blackstone and Apollo Global Management are among the lenders reported to be in talks to participate.
Sources: Bloomberg · CNBC · SiliconANGLE
-5.94% to $392.99 from $417.82
What moved AVGO
- Security researchers said attackers began exploiting a VMware vCenter flaw, tracked as CVE-2026-59310, with compromised systems traced to hundreds of IP addresses across dozens of countries.
- Broadcom had disclosed the vulnerability on July 29 and issued an emergency patch, but exploitation of unpatched systems reportedly began in early August.
- Bank of America downgraded Broadcom’s issuer and bond ratings, citing risk tied to the AI XPV chip-financing platform Broadcom built with Apollo and Blackstone.
- The BofA analyst said the financing vehicle could carry a large amount of senior debt by 2029 if scaled up, adding to investor concern about lower margins from custom AI silicon.
Sources: TipRanks · TradingKey