Hyperscaler AI Capex & Infrastructure Financing

Marvell steals Google chip deal from Broadcom with $12.2B warrants; detailed breakdown shows 42.6% revenue CAGR assumption. Anthropic annualized revenue jumps to $30B, accelerating faster than expected; $2T+ IPO in October. Optics stocks drop on Anthropic ARR miss and WSJ $3T off-balance-sheet report. Bond market reprieve from Treasury buyback. Neocloud names slide on leverage concerns (CoreWeave $72B liabilities vs $5B equity). Broadcom seeks $60B+ AI debt deal. Google AI Overviews risk ad revenue. New: Circle stock rallies 30% on stablecoin dynamics. New: AMD reports disagree on Helios GPU model; $10B Taiwan packaging investment confirmed. New: Rep. McCormick warns against slowing AI buildout, adding political support.