🤖 AI JUST REDISCOVERED VENDOR FINANCE.
💰 Broadcom can provide Anthropic with up to $42B of financing around a $125.2B compute commitment. That is the real underwriting question now: when the supplier can also become the lender, how much of the customer demand is truly independent?
âš¡ Japan is attacking the problem differently. JERA, Dell, and RHAELM are planning a $15B, 400 MW AI campus beside existing generation, with Apollo expected to participate in financing, while Amazon just locked 690 MW of nuclear power for 20 years at Calvert Cliffs.
📈 The capital market is still brutal. The 10 year Treasury touched 5.34% Thursday before…
The skinny
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