Broadcom

CEO Hock Tan calls AI investors a "casino" and says many "have no clue what they are investing in," even while targeting $230 billion in annual AI chip revenue by FY2028 — remarks landing the same week co-founder Henry Samueli's $750 million in insider stock sales became public, as the broader chip sector posted its worst stretch since May 2025.

Joins Blackstone in raising a $60 billion-plus debt package — on top of a $35 billion June facility — to finance Anthropic's leasing of its custom AI chips, shifting from chip vendor toward customer financier; S&P flags the unsecured junior tranche as credit negative even as Broadcom's own A- issuer rating stays untouched.