According to CoinMeta, Broadcom ( AVGO.US ) once rose by more than 5% during trading, reaching a high of $345.67. Bank of America, Blackstone, Citibank, and Morgan Stanley jointly announced that they will provide a total of $63 billion in financing through a newly established special purpose vehicle ( SPV ) to purchase Broadcom's ( AI ) accelerators and networking equipment, which will then be leased to large model developers ( Anthropic ). Chip deliveries are expected to begin in 2027. Broadcom's President and CEO ( Hock Tan ) stated that this transaction confirms the market's judgment of the continuous growth in ( AI ) computing power, verifies the availability of financing capital, and highlights Broadcom's unique position within this ecosystem.