The disclosures emerge as Broadcom CEO Hock Tan triggered a global chip sell-off by likening many AI investors to casino gamblers during a Singapore event. Tan warned that capital access, rather than hardware, could become the industry's primary growth bottleneck and compared enterprise AI spending to kids wasting tokens at a video arcade. The remarks coincided with a slide in shares for Samsung, SK Hynix, and Micron, falling 8.8%, 9.2%, and 4% respectively. Intel CEO Lip-Bu Tan agreed that borrowing costs are a front-line challenge, though he expects hardware shortages to persist for another 2 to 3 years.
Wednesday, October 21, 2026
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Anthropic Gets Undisclosed BB+ Rating One Notch Below Investment Grade
AI5 days ago
Kroll Bond Rating Agency relied on internal forecasts to grade the creditworthiness of Anthropic in June after the startup failed to provide EBITDA or free cash flow data, documents seen by the Financial Times reveal. The agency assigned a BB+ rating, one notch below investment grade, to the company and to $4.4 billion in junior debt that yielded 8.5%. This follows Broadcom's agreement to provide up to $42 billion in potential convertible notes to finance the leasing of AI chips, with Broadcom's senior debt yielding 5.75%.
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