Nvidia has completed its largest-ever debt offering, raising $25 billion in corporate bonds in what marks the chipmaker's first bond sale in five years. The deal, structured across seven tranches with maturities ranging from two to thirty years, attracted an extraordinary $85 billion in investor orders — more than three times the amount sold.
The offering comes as Nvidia reported quarterly revenue of $81.6 billion — up 85% year-over-year — and joins a broad wave of tech giants tapping bond markets to finance the AI buildout. Goldman Sachs, JPMorgan Chase, and Morgan Stanley managed the offering. Nvidia said proceeds will be used for general corporate purposes including refinancing existing debt.
Industry spending on AI infrastructure is projected to surpass $700 billion in 2026, and Nvidia's GPUs have become the critical hardware underpinning that boom. The overwhelming investor demand signals confidence that the AI-driven expansion of Nvidia's business has years of runway ahead.