US Stock Movers | Broadcom (AVGO.US) rises about 2.9% on plan to raise $60 billion to pave the way for AI companies' computing power.

Zhito Finance APP has learned that on Friday, Broadcom (AVGO.US) shares moved higher, rising about 2.9% as of press time. On the news front, Broadcom is leading the arrangement of a $60 billion debt financing aimed at providing funding support for AI companies such as Anthropic to purchase chips and build data centers, ranking among the largest debt financing transactions in the AI chip sector. According to media reports citing people familiar with the matter, Broadcom is advancing this financing with Wall Street banks, of which $42 billion is planned to be issued as Class A senior secured bonds, to be distributed to investors by a bank-led syndicate; the other $18 billion is Class B subordinated debt, led by Blackstone Group.