Broadcom Slides 4% Over $18B Chip Snag

Broadcom shares fell about 4% after reports its $18 billion custom AI chip deal with OpenAI faces financing difficulties.
The financing hinges on Microsoft purchasing 40% of the chips, installing them in its data centers and leasing them back to OpenAI.
OpenAI projects over $200 billion in operating burn through 2029, viewing its own chips as key to cut server costs and boost margins.