Nvidia to Raise $20 Billion in 7-Part Bond Sale for AI Chip Funding
Updated
Updated · Reuters · Jun 15
Nvidia to Raise $20 Billion in 7-Part Bond Sale for AI Chip Funding
3 articles · Updated · Reuters · Jun 15
Summary
$20 billion would make Nvidia’s first corporate bond sale in five years its biggest recent debt raise, according to a source familiar with the plan.
The seven-tranche U.S. offering runs out to 2056 and is meant to support the heavy capital needs of advanced AI chip production, while also covering general corporate purposes including refinancing outstanding notes.
Nvidia is tapping debt despite holding $13.24 billion in cash as of April, underscoring how aggressively it is investing to release more powerful AI processors on an annual cycle.
The sale fits a broader Big Tech borrowing and spending wave around AI, with combined outlays expected to top $700 billion this year versus about $400 billion in 2025.