Broadcom in Advanced Talks for Historic $35 Billion Private Credit Deal

Broadcom is in advanced talks to secure approximately $35 billion in private credit financing from Blackstone and Apollo Global Management to fund future acquisitions. Concurrently, Evercore ISI raised its price target on the stock, pointing to the company's expanding custom AI chip capabilities.

• The potential $35 billion funding package would mark one of the largest private credit deals in history.
• Evercore ISI analyst Mark Lipacis raised his price target on Broadcom to $582 from $490.
• The company also renewed a five-year VMware cloud services partnership with the London Stock Exchange Group.