# Michael Burry Says He Will Not Buy Anthropic Shares at IPO

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/54605
Published: 2026-11-11T23:07:32.000Z
Updated: 2026-11-11T23:07:32.000Z
Section: Business

> Anthropic’s lease rent for Broadcom equipment is about $161 billion. Broadcom also agreed to lend the company up to $42 billion for equipment rent.

Michael Burry said Nov. 11 he would not buy Anthropic shares at the AI company’s expected IPO next week, tying his stance to concerns about its Broadcom chip-financing structure.

Anthropic uses Broadcom chips to run Claude but does not buy the equipment directly. A separate company received $63 billion from Wall Street banks and Blackstone, bought chips from Broadcom and leases them to Anthropic.

Anthropic’s lease payments for Broadcom equipment total about $161 billion over the full lease terms. Broadcom also agreed to lend Anthropic up to $42 billion, with the loan limited to rent for Broadcom equipment.

Burry described the deal as carrying hidden financial risks and said some of the exposure shifts to insurers. Broadcom is both the chip supplier and a source of loan financing in the arrangement.

He also called for a sharp market decline to prevent the OpenAI and Anthropic IPOs, saying that outcome would be in humanity’s interest.