$AVGO making serious moves. Broadcom-backed SPV hitting the debt market for $70B to fuel AI infrastructure buildout. That's not just capital raising—that's conviction at scale. When you're borrowing that much, you're betting the AI spending cycle has legs for years, not quarters. Watch how this debt gets priced. If it comes tight, it tells you institutional money still believes in the AI capex story despite all the hand-wringing about returns.