The deal is structured using a Special Purpose Vehicle (SPV) to purchase Tensor Processing Units (TPUs) from Alphabet’s Google. Those will then be leased to Anthropic. Through this structure, Anthropic will keep the hardware off its balance sheet. This will be a useful financial tool as Anthropic prepares for its initial public offering. Those TPUs will be deployed in data centers starting sometime this year and will expand Anthropic’s compute capacity by 1 gigawatt (GW).<\/p>\n
Broadcom is also an integral part of the deal and is providing a crucial credit endorsement through residual value guarantees for $30 billion in debt tranches. Apollo’s Atlas SP Partners contributed an additional $800 million in equity.<\/p>\n
Broadcom CEO Hock Tan explained that the company is building<\/a> an “AI XPV platform” with Apollo, Blackstone, and other top investors to deploy over 20 GW of compute through 2028 for both Anthropic and OpenAI.<\/p>\n This isn’t a great deal for Nvidia. The entire agreement is built on Google TPUs, not Nvidia’s GPUs. Anthropic is deepening its relationship with Google. Will this ruin Nvidia’s dominance<\/a>? Absolutely not, but it does carve out space for another winner.<\/p>\n Micron, on the other hand, could benefit tremendously. Regardless of which company’s accelerators are providing the computing capacity, AI data centers can’t operate effectively without scads of high-bandwidth memory. Micron is one of just three companies that can make it at scale. As the GPU versus TPU debate continues, Micron won’t have to pick a side. It will supply memory to both. As such, this deal should be yet another boon for Micron’s shareholders.<\/p>\n The AI build-out will require an additional $1.5 trillion in outside financing through 2028, according to Morgan Stanley. Private credit will undoubtedly play a major role. This Apollo and Blackstone deal is just the beginning and truly a template for what is to come in terms of innovative deal structures. Investors in companies such as Nvidia and Micron should take away two things: Competition among semiconductor companies is intense, and the demand for memory is only increasing.<\/p>\n Should you buy stock in Micron Technology right now? <\/p>\n Before you buy stock in\u00a0Micron Technology, consider this:<\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Micron Technology\u00a0wasn\u2019t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.<\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $440,440!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $1,303,950!*<\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by nearly 5x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul.<\/p>\n See the 10 stocks \u00bb<\/a><\/p>\n *Stock Advisor returns as of June 17, 2026. <\/p>\n Catie Hogan<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Blackstone, Broadcom, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy<\/a>.<\/p>\n![\"Micron](\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/06\/69c586f456c115b7f7e7a2dd8bda1f55.png\")
Image source: The Motley Fool. Nvidia’s making room at the top <\/p>\n