HSBC: $63 Billion Financing Supports Broadcom Compute Deployment, Price Target $560

TechFlow reports that, according to Trend Research, an HSBC research report dated October 27, 2026, noted that Bank of America and other institutions announced a $63 billion financing transaction in which a newly established special purpose vehicle (SPV) will purchase Broadcom AI accelerators and networking solutions and lease them to Anthropic. Broadcom provides residual value support (RVS), with expected peak exposure of $43 billion.

HSBC assessed that, combined with the earlier $35 billion financing corresponding to over 1 GW, this transaction supports roughly 1.7 to 1.8 GW of deployment, still short of management's 5 GW target for 2027, so follow-on funding needs to be monitored. The report maintained a Buy rating on Broadcom with a $560 price target. As relayed by HSBC, Broadcom believes protective factors such as customer payment obligations, asset re-leasing and collateral value reduce the likelihood of residual value support being triggered.

Source: TechFlow