$161.2 billion in rent over 5 years... Burry raises concerns over Anthropic's financial structure

Michael Burry flagged financial-structure risk at Anthropic after the AI developer committed to paying Broadcom $161.2 billion in AI equipment lease payments over five years, excluding interest. Burry, writing in his October 27 newsletter, said Broadcom may receive Anthropic stock as lease payment, with Broadcom collecting more shares if Anthropic's share price falls or results deteriorate. He said he does not plan to buy shares in Anthropic's IPO next week, warning that a sharp market decline could pressure the OpenAI and Anthropic listings. The arrangement ties equipment supply to financing, meaning Anthropic's lease obligations and Broadcom's equity exposure move together. Watch Anthropic's IPO pricing and disclosures on the Broadcom lease terms, plus any Broadcom statements on how the shares are valued.