Broadcom - New Special Purpose Vehicle to Purchase Broadcom Xpu AI Accelerators and Networking Solutions for Anthropic
72/100·B+Long
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news4h agonews
Bank of America, Blackstone, Citi and Morgan Stanley Announce Landmark $63 Billion Financing Structure to Enable AI Compute Capacity in Partnership with Broadcom
78/100·ALong+1
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news11h agonews
Here is what META is selling:
$22.5 billion of Class A common stock, sold through forward sale agreements with Morgan Stanley and Goldman (plus a $3.375 billion greenshoe). Meta gets no cash up front, and can settle any time on or before November 19, 2027, in Class A or the new non-voting Class C shares.
$12.5 billion of mandatory convertible preferred: 250 million depositary shares, each a 1/20th interest in a $1,000 preferred share, converting into common around August 15, 2029 and listing under "METAM" (with another 37.5 million depositary shares in the greenshoe).
A $60 billion "at-the-market" program of non-voting Class C shares, to start in Q1 2027 once the Class C stock begins trading (the new share class becomes effective January 19).
Then there is the cherry on top: Nvidia, AMD and Broadcom, three of Meta's biggest chip suppliers, "indicated an interest" in buying up to $5 billion of the common stock at the offering price. That indication is non-binding, as the prospectus is careful to note: any of them "may determine to purchase more, fewer, or no shares."
At Friday's $642.62 close, the $22.5 billion forward alone is about 35 million new shares (the prospectus has Class A outstanding rising from 2.214 billion to 2.249 billion). Do the whole $95 billion at that price and it comes to nearly 150 million shares, or roughly 6.7% of the Class A count (approximate, before greenshoes, and the converts' share count depends on the price in 2029). And for the company that spent well over $100 billion buying back its own stock between 2021 and 2024, the converts come with a twist: per the prospectus, unless the preferred dividends are paid in full, "no dividends may be declared or paid on our Class A Common Stock... and we may not repurchase our Class A Common Stock." Buybacks, meet dilution.
72/100·B+Short+5
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news11h agonews
Anthropic: Our Rent Payments Over the Life of Leases Under Broadcom Lease Arrangements Equal to Aggregate of About $161.2 bln Excluding Interest
Swap lines activated:
*NVIDIA, AMD, BROADCOM INDICATE INTEREST TO BUY UP TO $5B OF META STOCK
Meta to Raise $35B in common, preferred stock; will launch separate ~$60B ATM no earlier than Q1
78/100·ALong+4
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news13h agonews
Meta: Nvidia, Advanced Micro Devices, & Broadcom Indicated Interest in Purchasing Up to Aggregate of $5.0 bln of Shares of Class a Common Stock
78/100·ALong+4
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news13h agonews
*META: NVIDIA, AMD, BROADCOM TO BUY UP TO $5B OF CLASS A SHRS
72/100·B+Long+4
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meme10/22meme
Premarket movers:
All Mag 7 names are lower: Tesla (TSLA) drops 4.4% after the electric-car maker cut its spending plans, following capital investment that trailed expectations last quarter (Nvidia (NVDA) -2%, Alphabet (GOOGL) -2%, Amazon (AMZN) -2%, Meta Platforms (META) -2%, Microsoft (MSFT) -0.9%, Apple (AAPL) -0.2%)
Chipmakers and other AI-related firms slide after reports from Tesla, Lam Research and IBM underwhelmed. Decliners include AMD (AMD) -4%, Broadcom (AVGO) -3%, Intel (INTC) -4%. The mood is weighing on other growth sectors and pushing crypto names lower
American Airlines (AAL) slumps 4% after issuing a broad range for its fourth-quarter loss prediction, highlighting how the industry is struggling to map out its performance amid persistently high fuel prices.
Biohaven (BHVN) soars 53% after the FDA said company’s new drug application resubmission for Vyglxia has been accepted for review.
CSX (CSX) inches 2% higher after the railroad reported earnings per share for the third quarter that beat the average analyst estimate.
The company is benefiting as trucking gets more expensive, pushing shippers to use its intermodal offering instead of having goods carried entirely by truck.
Gentherm (THRM) falls 6% after the the automotive supplier reported adjusted earnings per share below analyst expectations in the third quarter.
International Business Machines (IBM) falls 5% after posting third quarter results.
Kinder Morgan (KMI) gains 2% after formally committing to building a $4.2 billion pipeline that will haul fuel across West Texas and the Panhandle to help power a data center complex.
Lam Research (LRCX) falls 7% after the semiconductor capital equipment company gave a forecast for adjusted second-quarter earnings that was slightly weaker than expected at the midpoint of the range.
Lockheed Martin (LMT) rises 4% after lifting its full-year outlook as the company’s missile systems portfolio was buoyed by rising global defense spending.
Pool Corp. (POOL) gains 4% after third quarter results topped expectations.
Procter & Gamble (PG) gains 3% after sales and profits beat Wall Street expectations, showing the Tide-owner’s limited price hikes that are successfully drawing constrained customers have not come at the expense of earnings.(Historical earnings: For fiscal 2026 Q3 (period ended 2026-08-02), Broadcom reported basic EPS of 6.26, diluted EPS of 6.09, and revenue of USD 71.089 billion.
Consensus expectations: For fiscal 2026 Q4, consensus expects EPS of 3.45 and revenue of USD 35.574 billion.)
72/100·B+Short+25
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news10/22news
Premarket movers:
All Mag 7 names are lower: Tesla (TSLA) drops 4.4% after the electric-car maker cut its spending plans, following capital investment that trailed expectations last quarter (Nvidia (NVDA) -2%, Alphabet (GOOGL) -2%, Amazon (AMZN) -2%, Meta Platforms (META) -2%, Microsoft (MSFT) -0.9%, Apple (AAPL) -0.2%)
Chipmakers and other AI-related firms slide after reports from Tesla, Lam Research and IBM underwhelmed. Decliners include AMD (AMD) -4%, Broadcom (AVGO) -3%, Intel (INTC) -4%. The mood is weighing on other growth sectors and pushing crypto names lower
American Airlines (AAL) slumps 4% after issuing a broad range for its fourth-quarter loss prediction, highlighting how the industry is struggling to map out its performance amid persistently high fuel prices.
Biohaven (BHVN) soars 53% after the FDA said company’s new drug application resubmission for Vyglxia has been accepted for review.
CSX (CSX) inches 2% higher after the railroad reported earnings per share for the third quarter that beat the average analyst estimate.
The company is benefiting as trucking gets more expensive, pushing shippers to use its intermodal offering instead of having goods carried entirely by truck.
Gentherm (THRM) falls 6% after the the automotive supplier reported adjusted earnings per share below analyst expectations in the third quarter.
International Business Machines (IBM) falls 5% after posting third quarter results.
Kinder Morgan (KMI) gains 2% after formally committing to building a $4.2 billion pipeline that will haul fuel across West Texas and the Panhandle to help power a data center complex.
Lam Research (LRCX) falls 7% after the semiconductor capital equipment company gave a forecast for adjusted second-quarter earnings that was slightly weaker than expected at the midpoint of the range.
Lockheed Martin (LMT) rises 4% after lifting its full-year outlook as the company’s missile systems portfolio was buoyed by rising global defense spending.
Pool Corp. (POOL) gains 4% after third quarter results topped expectations.
Procter & Gamble (PG) gains 3% after sales and profits beat Wall Street expectations, showing the Tide-owner’s limited price hikes that are successfully drawing constrained customers have not come at the expense of earnings.(Historical earnings: Latest disclosed actuals for 2026Q2 (period end 2026-06-30) show basic EPS of 14.41, diluted EPS of 14.24, and net income of USD 174.771 billion.
Consensus expectations: Consensus for 2026Q3 expects EPS of 3 and revenue of USD 127.677 billion.)
72/100·B+Short+27
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news10/20news
Broadcom Announces Continued Infrastructure Agreement with FedEx to Support Global Operations