Nvidia Seeks Over $25B in First Bond Deal Since 2021

Chipmaker Nvidia is planning a significant $25 billion bond offering, its first since 2021, to gauge investor appetite for AI sector exposure amidst heavy borrowing. The deal, upsized from $20 billion due to strong demand exceeding $85 billion, will offer maturities from two to 30 years. Proceeds will fund general corporate purposes, including debt repayment. This move comes as Nvidia, a key AI infrastructure supplier, navigates a competitive funding environment and potential market fatigue, despite its strong financial performance and crucial role in the AI arms race.