AVGO News & Events

Apollo Global Management (APO) and Blackstone (BX) are among private credit lenders involved in talks with chipmaker Broadcom (AVGO) over a roughly $35B financing to fund the AI build-out, sources told Bloomberg Silas Brown and Laura Benitez. The financing, which would be one of the largest ever private credit deals, will help Broadcom fund the development of chips for AI tasks, the report said.

Broadcom up 5% to $432.41 after Bloomberg report on financing talks

The major averages closed broadly lower as markets remain on edge regarding a potential U.S.-Iran framework agreement being reached.Of note, The Wall Street Journal reported that Saudi Arabia and Kuwait have lifted restrictions on the U.S. military's use of their bases and airspace. The Trump administration is now looking to restart "Project Freedom" to guide commercial ships with naval and air support, The Journal added.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:McDonald'sreported, with comps up 3.8%Armreportedand provided guidance for Q1 and FY26Whirlpoolreportedand cut its FY26 earnings outlookShellreported year-over-year increases inand commenced a $3B share buyback programSnapreportedand provided Q2 revenue guidance2. WALL STREET CALLS:AreteOracleto Buy amid supply constraintsPlanet Fitnessto Market Perform at William BlairAlcoato Overweight at Wells FargoClear Secureto Neutral at DA DavidsonJPMorganFreshpet, sees sales growth outpacing peers3. AROUND THE WEB:An AI chip deal between OpenAI and Broadcomhas hit a "financing snag," The Information reportsMarineMaxis pushing forward with sale plans as Donerail raises its bid, Reuters reportsNetflixis near a deal with the NFL that appears likely to include the week one game in Australia, a game the day before Thanksgiving, and the Christmas games, Puck News reportsGoogleis in talks with Blackstoneand KKRfor AI model access, The Information reportsMorgan Stanleyis rolling out crypto trading on its E*Trade platform, Bloomberg reports4. MOVERS:Datadogjumps after providing areport for Q1Fortinetrises as multiple analystson the stock following quarterly resultsShake Shackdrops afterand naming Michelle Hook CFOZoetislower after reportingCoherentfalls after5. EARNINGS/GUIDANCE:TripAdvisorreportedBecton Dickinsonprovided areport for Q2PelotonreportedPlanet Fitnesscut itsUS FoodsreportedINDEXES:The Dow fell 313.62, or 0.63%, to 49,596.97, the Nasdaq lost 32.75, or 0.13%, to 25,806.20, and the S&P 500 declined 28.01, or 0.38%, to 7,337.11.

Broadcom shares are down 4% in afternoon trading after The Information's Anissa Gardizy said OpenAI's AI chip deal with the company has hit an "$18B financing snag."