Broadcom Pursues $60 Billion Debt Financing for AI Chips; Ross Stores and BJ's Wholesale Raise Earnings Guidance

Source Summary

Broadcom is negotiating with lenders to raise more than $60 billion in debt for an AI chip financing deal benefiting Anthropic and other companies. Ross Stores raised its full-year earnings per share forecast after reporting strength in the second quarter, driven by increased new customers and higher engagement from existing customers. BJ's Wholesale also boosted its adjusted earnings per share guidance for the full year, exceeding average analyst estimates.