Broadcom (AVGO) reportedly backs a USD 35bln AI chip order to boost demand, with plans to finance over 20 gigawatts of compute capacity, potentially impacting credit through chip lease financial backstop, reports The Information
NBP's Kotecki says the MPC is less inclined to hike rates than a month ago, it is too early to signal a rate cut and rates are likely to remain on hold for the rest of 2026 and perhaps until March 2027
US President Trump posts "Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern “Highway,” which is totally safe, secure, and pristine. There are other areas of travel, also!!! President DJT"
Broadcom (AVGO) reportedly backs a USD 35bln AI chip order to boost demand, with plans to finance over 20 gigawatts of compute capacity, potentially impacting credit through chip lease financial backstop, reports The Information
Amazon's (AMZN) appeal of Whole Foods unionisation has been rejected by NLRB, Bloomberg reports
An informed Iranian source says "the nuclear issue, including enrichment and stockpiled nuclear materials, will be discussed during the 60-day negotiations, which can be extended", Iran International reports
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- "The transaction will have a “modestly negative impact” on Broadcom’s credit due to the “debt-like obligation” of the backstop, S&P Global Ratings wrote in a note."
- "More deals are likely. Broadcom described this one as the first transaction in a larger plan to work with Apollo and Blackstone to finance more than 20 GW of compute. That suggests its ambitions, if fulfilled, could see it providing future guarantees on deals worth a combined $700 billion in chip purchases, although the company’s backstop is very limited."
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