According to Jin10, Broadcom fell nearly 7% intraday on Friday as the market focused on the financing model behind its AI infrastructure expansion. Bank of America analysts estimated that the financing platform Broadcom set up for AI chip customers could accumulate up to $370 billion in senior debt by mid-2029, with about $150 billion in new issuance in 2027 alone, based on a 20-gigawatt data center scale. The debt would sit on the financing platform rather than on Broadcom directly, but Broadcom has guaranteed some customers' lease payments, with the first transaction carrying about $29 billion in guarantees. The financing model began in June and was led by Apollo Global Management and Blackstone, which provided $35 billion for Broadcom's AIXPV platform; the first funds will support Anthropic in building more than 1 gigawatt of computing capacity, and the platform plans to provide more than 20 gigawatts of computing power by 2028.