Gotrade News - Broadcom (AVGO) is lining up more than $50 billion in financing for OpenAI's custom AI chips, Crypto Briefing reported on October 7, as Meta Platforms (META) holds a 2026 capital spending outlook of $130 billion to $145 billion and Applied Digital (APLD) reported fiscal first quarter 2027 revenue of $341.9 million, up 322% year over year, after the market closed on October 7.
The financing talks were reported by Bloomberg and The Wall Street Journal, according to Crypto Briefing. They come days after banks began syndicating a separate, roughly $60 billion debt package to fund Anthropic's AI chip purchases.
That package includes a $42 billion senior secured tranche led by Bank of America, Citigroup and Morgan Stanley, and an $18 billion junior tranche led by Blackstone, Crypto Briefing reported on October 5. It follows a $35 billion financing round closed in June.
The three stocks sit at different points of the same buildout: Broadcom supplies custom silicon, Meta builds and owns its data centers, and Applied Digital leases data center capacity to AI tenants.
Ticker | Close | Daily change | Market cap | 52-week range |
|---|
AVGO | $376.51 | +0.19% | $1.80 trillion | $289.96 to $495.00 |
META | $721.31 | -2.38% | $1.84 trillion | $520.26 to $779.82 |
APLD | $23.81 | -6.04% | $7.1 billion | $19.00 to $50.72 |
Regular-session close on October 7, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against Nasdaq's official close. Market cap: Nasdaq, as of October 8, 2026.
Broadcom is arranging the money through private lenders, with Apollo Global Management and Blackstone among the potential participants, per Crypto Briefing. The talks are at an early stage, terms are still being negotiated, and no deal is expected before the end of the year.
The financing would sit on top of the partnership OpenAI and Broadcom announced in October 2025 to deploy 10 gigawatts of AI accelerators by the end of 2029.
The chips belong to an OpenAI program called Nexus, and the first generations are named Jalapeño and Serrano, according to the same report.
OpenAI unveiled Jalapeño, an inference chip it designed and Broadcom manufactures, in June, as reported by Yahoo Finance.
According to OpenAI, the chip took nine months to develop and showed better performance per watt than current state-of-the-art chips in early testing.
Yahoo Finance framed the launch as a challenge to Nvidia, as OpenAI reduces its reliance on competing for limited Nvidia supply, and noted Broadcom shares rose more than 1% on the news.
OpenAI president Greg Brockman said the chip advances the company's "long-term full-stack infrastructure strategy to make compute more abundant," per Yahoo Finance.
According to Meta's second quarter 2026 results release, the company now expects 2026 capital expenditures, including principal payments on finance leases, of $130 billion to $145 billion, narrowed from a prior range of $125 billion to $145 billion.
Second quarter capital expenditures were $31.08 billion on revenue of $60.8 billion, and free cash flow for the quarter was $784 million.
Meta also guided third quarter 2026 revenue to $61 billion to $64 billion. CEO Mark Zuckerberg said in the release that "AI is accelerating our core business today, powering our next generation of products, and opening the door to entirely new enterprise opportunities."
The spending is going into purpose-built facilities designed for AI workloads, according to The Tech Buzz, which cited an interview with Meta Head of Infrastructure Santosh Janardhan posted to Meta's newsroom.
The Tech Buzz described the approach as vertical integration, contrasting it with Microsoft and Amazon, which it said rely on external data center providers, and characterized the investment as patient capital that will not generate returns for years.
Applied Digital (APLD): Revenue Up 322% in Fiscal First Quarter 2027
Applied Digital reported revenue of $341.9 million for the quarter ended August 31, 2026, up 322% from a year earlier, according to its earnings release filed with the SEC on October 7. The results came out after the regular session, so the closing price in the table above does not reflect them.
The company posted a net loss from continuing operations of $221.0 million, or $0.76 per share. Adjusted net loss was $4.1 million, or $0.01 per diluted share, and adjusted EBITDA was $64.4 million.
Applied Digital said it now has leases for roughly 1.41 gigawatts across five campuses, representing about $36 billion in base-term contracted revenue, or about $86 billion including all renewal options.
The release also said the company signed a 210 MW, 15-year lease at its Delta Forge 2 campus with its investment grade hyperscaler customer, worth about $5.2 billion of base-term contracted revenue, and closed $1.59 billion of 7.000% senior secured notes due 2031.
CEO Wes Cummins said the company's goal is "to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories."
According to Applied Digital's April 2026 investor presentation filed with the SEC, CoreWeave has contracted 400 MW of critical IT load at its Polaris Forge 1 campus over a roughly 15-year term, with anticipated revenue of about $11 billion over the base term. The same filing describes a potential capital commitment of up to $5 billion from Macquarie for data center development.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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