$Broadcom(AVGO)$ Anthropic's IPO prospectus reportedly shows $518 billion in future AI infrastructure commitments. The biggest identified piece is around $161.2 billion involving Broadcom.
Reported breakdown:
Broadcom: ~$161.2B
Google: ~$111.1B
Amazon: ~$110B
Microsoft: ~$31.4B
Around 80% of the overall commitments are reportedly non-cancelable or payable regardless of utilization.
Important caveat: $161B does not equal $161B of AVGO revenue. We still need the public S-1 to understand the lease structure, XPUs, networking, financing, and revenue recognition.
The thesis remains centered on Anthropic, custom XPUs, networking, and a massive AI infrastructure buildout. Broadcom isn't just inferred now. It's named, and the number is enormous.
The public S-1 still hasn't dropped.
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