Nvidia is seeking to raise at least $20 billion through a U.S. corporate bond issuance. This marks the chipmaker's first corporate bond sale since 2021, at which time the company was a fraction of its current size.
The debt is being sold in seven tranches, with maturities ranging from two to 30 years. A regulatory filing has confirmed the structure of the deal.
The company is tapping the debt market to fund the massive capital requirements necessary to produce cutting-edge AI chips. This sale is expected to test investor appetite for further exposure to the AI sector amid a deluge of borrowing.