By Brian Smith and Gerson Freitas Jr.
Publication Date: 2026-06-15 22:00:00
Chipmaking giant Nvidia Corp. sold $25 billion of high-grade bonds, joining a wave of jumbo debt offerings from tech heavyweights as investors clamor to get exposure to the artificial intelligence boom.
The deal, priced on Monday, attracted as much as $85 billion of orders or more than three times the size of the bond, according to a person with knowledge of the matter. Nvidia’s first offering since 2021 was boosted from an initial target of about $20 billion, underscoring strong investor demand.
Nvidia joins companies such as Alphabet Inc. and Amazon.com Inc. flooding debt markets with hundreds of billions of dollars of issuance as they build data centers and other infrastructure needed for AI’s rapid expansion.
The Santa Clara-based company is often a supplier for these projects, becoming a cornerstone for the AI ecosystem and the world’s most valuable business in the process. It is spending heavily to support firms that will help build demand for AI, taking a $5 billion stake in chipmaker Intel Corp., investing as much as $10 billion in model maker Anthropic PBC and contributing $30 billion to a massive funding round for OpenAI. It’s also boosting payouts to shareholders.
Like many big tech companies, Nvidia is generating heavy profit and cash flow from the artificial intelligence boom. The company is expected to generate more than $200 billion in free cash flow in the fiscal year ending Jan. 31, according to the average of analyst estimates compiled by…
