Broadcom Drops 6% After Bank of America Flags $370B AI Debt; AMD Rises
Broadcom shares fell about 6% to $390.69 after a Bank of America note flagged a $370 billion estimate tied to Broadcom’s off-balance-sheet financing vehicle. Broadcom’s latest 10-Q says an investor partner assumed purchase/lease agreements and Broadcom backstops lease payments for five years, with up to $29 billion exposure. AMD rose 4% on Baird’s higher accelerator outlook and BofA’s server CPU forecast, with NVIDIA support described as covering up to 25% of an opportunity.