NVIDIA bond sale attracts $85B in orders, tops $20B target
Business
NVIDIA just pulled off a massive win, getting $85 billion in orders for its latest bond sale, way above its $20 billion goal.
This is the company's first big debt move in five years and easily tops its previous sales.
The bonds come with two- to 30-year terms.
NVIDIA cash to pay existing debt
NVIDIA plans to use the cash to pay off old debt, especially as AI keeps booming.
The huge interest shows how much investors trust NVIDIA's role powering AI for giants like Alphabet and Amazon, plus backing companies like OpenAI and Anthropic.
NVIDIA is doubling down on staying at the heart of the AI world.