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@Unclestocknotes · 2026-10-14 07:59

$AVGO Broadcom CEO Hock Tan warned that capital could become a bigger AI constraint than chips, memory or power. Intel CEO Lip-Bu Tan also highlighted capital access and its cost. Big Four hyperscalers planned up to ~$720B in 2026 capex. Bloomberg reported banks are preparing roughly $60B of financing for Broadcom-linked AI equipment. With the 10Y above 5%, infrastructure projects face higher return hurdles. $LITE and $SMTC fell about 10% Monday; $MRVL lost 3.4%. Investors are asking whether end-customer revenue and cash flow can keep pace with construction. $MSFT and $GOOGL have a relative funding advantage. $APO and $BX gain lending opportunities alongside credit risk. $CEG’s long-term power contracts improve visibility, subject to customer performance. When equipment suppliers flag financing, pay attention. Watch hyperscaler earnings, credit spreads and collections. Interest payments won’t wait for AI monetization to catch up.

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