Alphabet Rises 1.2% as Apollo Shops $36B Anthropic Chip Debt

Alphabet shares climbed as much as 1.2% to $394.81 after Apollo Global Management and Blackstone launched marketing of a roughly $36 billion debt package to finance Anthropic’s purchase of Google TPUs. The financing, structured in three tranches with Broadcom providing full residual-value support on the senior notes, marks one of the largest private-credit deals tied to AI infrastructure. Proceeds will fund chip deliveries and leases, accelerating Anthropic’s buildout ahead of a potential IPO while boosting demand for Alphabet’s cloud and hardware services.