Nvidia Seeks $20B Bond Offering, First Since 2021

Nvidia Corp. (NVDA) is seeking to raise at least $20 billion through its first bond offering since 2021, according to reports on Monday. The chipmaker is marketing investment-grade bonds with maturities ranging from two to 30 years, with proceeds designated for general corporate purposes including refinancing and repaying existing debt. The move comes as Big Tech companies increasingly turn to global bond markets to fund massive investments in artificial intelligence infrastructure.

Nvidia Markets Multi-Tranche Bond Offering With 2-30 Year Maturities

According to a Bloomberg report on Monday, Nvidia is marketing investment-grade bonds with maturities ranging from two to 30 years. The proceeds will be used for general corporate purposes, including refinancing and repaying existing debt. If completed as planned, the offering would be significantly larger than Nvidia's last bond sale in June 2021, when the company raised $5 billion through four tranches of senior unsecured notes.

Jim Cramer Questions Whether Proceeds Will Fund Stock Buybacks

In a post on X, Jim Cramer questioned whether Nvidia's bond sale meant that, like Apple, it would use the bond sale to buy back its own stock.

Alphabet and Amazon Raise Billions Through Bond Markets

Big Tech is increasingly turning to global bond markets to fund massive investments in artificial intelligence infrastructure. In May, Alphabet (GOOG, GOOGL) raised nearly $17 billion through euro- and Canadian-dollar bond offerings, including a record C$8.5 billion ($6.1 billion) investment-grade corporate bond sale in Canada. Amazon (AMZN) has followed a similar strategy, raising C$14 billion earlier this month. The company has borrowed more than $82 billion since the start of 2025 as it ramps up spending on data centers, AI chips, and cloud infrastructure.

Nvidia Shares Trade More Than 2% Higher on Monday

NVDA shares traded more than 2% higher at the time of writing. The stock has gained more than 9% so far this year.

FAQ

What is Nvidia raising through its bond offering? Nvidia is seeking to raise at least $20 billion through a multi-tranche bond offering with maturities ranging from two to 30 years.

When was Nvidia's last bond sale? Nvidia's last bond sale was in June 2021, when it raised $5 billion through four tranches of senior unsecured notes.

How much has Amazon borrowed since the start of 2025? Amazon has borrowed more than $82 billion since the start of 2025 as it ramps up spending on data centers, AI chips, and cloud infrastructure.