US Stocks AI Daily on Nov 5, 2026: Google Lends Its Credit to Back Anthropic's $19B Lease

The AI supply chain items for November 4 land in five layers, all six completed, yet only two carry a price. TeraWulf (Ticker: WULF) signed three credit support agreements with Google LLC, a subsidiary of Alphabet (Ticker: GOOGL), and Anthropic, under which Google backstops Anthropic's lease obligations in Kentucky, and the same day executed a definitive EPC agreement with Fluor for three buildings. The money that actually priced today is debt: Meta's (Ticker: META) euro notes and Hut 8's (Ticker: HUT) revolving facility.

 

 

Financing | Completed | Meta pricing term sheet (SEC FWP) 2026/11/04

Meta (Ticker: META) priced EUR 9.0 billion across six tranches maturing from 2031 to 2065, against an order book of EUR 53 billion, and the filing states that proceeds go to general corporate purposes rather than any named AI spending, with settlement set for November 12.

 

Release | Completed | Qualcomm earnings release (SEC 8-K) 2026/11/04

Qualcomm (Ticker: QCOM) reported fiscal fourth-quarter revenue of $10.322B, down 8%, with handsets at $5.137B, down 26%, and a first $2B automotive quarter at $1.990B, up 89%. The release carries no data center line, the $5B is a company target rather than realised revenue, and the multi-generational collaboration with Amazon (Ticker: AMZN) carries no dollar figure.

 

Release | Completed | GlobalFoundries press release (GlobeNewswire) 2026/11/04

GlobalFoundries (Ticker: GFS) lifted non-IFRS gross margin to 31.4% from 26.0% a year earlier. The $2B silicon interposer supply agreement with TSMC (Ticker: TSM), the $21B US-Japan two-fab programme and the $955M CHIPS reallocation disclosed in the release were all signed in October, so they are disclosed this issue but not new this issue, and are counted on neither side.

 

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Contract | Completed | TeraWulf press release and 8-K 2026/11/04

TeraWulf (Ticker: WULF) signed three credit support agreements covering the CB-1, CB-2 and CB-3 leased premises with Google LLC and Anthropic, and a definitive EPC agreement with Fluor for three data center buildings. The backstop carries no disclosed amount, the guaranteed maximum price is still being established, the project debt is described as anticipated, and the $19B is the contracted commitment under the 401 MW, 20-year lease signed on July 6.

 

Release | Completed | Analytics Insight cross-checked with the 404k brief 2026/11/04

Alphabet's (Ticker: GOOGL) two-year programme funds campuses in Selangor and Negeri Sembilan, pledges over 1 GW of new clean power for the local grid, covers the campuses' full electricity cost and direct grid interconnection, and targets a design PUE of 1.12 to 1.14. It is a capital investment plan rather than deal value for this period, so it sits on the excluded side.

 

Release | Completed | Hut 8 press release (PR Newswire) 2026/11/04

Hut 8 (Ticker: HUT) reported third-quarter revenue of $71.1M against $83.5M a year earlier, with net income of $189.5M. Energy capacity under construction rose to 1,330 MW and capacity under exclusivity gained 1,300 MW to 3,180 MW, while the roughly $26.6B figure is expected base-term contract value rather than deal value, and the revolver was undrawn as of September 30.

 

 

What changed hands today is a credit rating rather than cash: Anthropic cannot reach investment grade on its own, so Alphabet's AA+ is rented in as a cushion, and the agreements end the backstop once those ratings hold for three months. Countable deal value this issue is $11.18B, with a further $15.0B excluded. Both counted deals are debt, with Meta's euro notes at $10.11B converted at the 11/04 close of 1.1229 and Hut 8's $1.07B undrawn as of September 30. On timing, TeraWulf's three buildings only enter phased service in late 2027 and Qualcomm's $5B target also sits in fiscal 2027. Layer 4 Memory is empty this issue, not because the industry stood still but because everything findable today was broker estimates or prior-day results, with no memory maker publishing a verifiable disclosure of its own.

 

How to use this next time: when a lease is propped up by someone else's credit, ask two questions first, whether the backstop carries a figure and under what condition it disappears. Both answers sit in the filing here, with no amount disclosed and the support ending once the tenant holds its rating for three months. No figure means the support enters neither party's deal-value tally, and a termination condition means it is a bridge rather than a lasting commitment. Read those two together and you can tell real money from borrowed standing.

 

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Disclaimer: This article was prepared by the MEXC US equities spot team (MEXC RealStocks) for market information and educational reference only. It is not investment advice and contains no buy or sell opinion. All stocks and companies mentioned are publicly discussed names and do not represent a recommendation or view of MEXC. Investing involves risk, so please exercise your own judgement.