Broadcom (AVGO) is reportedly in discussions with lenders to secure more than $60 billion in debt financing. This capital is intended for an AI chip deal that will support Anthropic PBC and other companies in the artificial intelligence sector.
In separate news, Ross Stores (ROST) saw its shares rise after the off-price retailer increased its full-year earnings per share forecast. The company attributed this positive outlook to strong performance in the second quarter, noting comparable store sales growth driven by an influx of new customers and increased engagement from existing ones.
Additionally, BJ's Wholesale (BJ) also raised its adjusted earnings per share guidance for the full year. This revised guidance surpassed the average estimates from financial analysts.
