Nvidia has returned to the corporate debt market for the first time since 2021, raising $25 billion (€21.5 billion) through a bond offering that attracted approximately $85 billion (€73.2 billion) in investor orders, according to EuroNews.
The transaction marks one of the largest bond sales by a technology company this year and highlights continued investor confidence in the artificial intelligence sector.
Strong Demand Allows Larger Offering
According to Bloomberg, Nvidia initially planned to raise around $20 billion (€17.2 billion), but increased the size of the deal after demand exceeded the offering by more than three times.
The overwhelming interest enabled the chipmaker to secure more favorable borrowing terms while locking in long-term financing at relatively low costs.
Market conditions also supported the transaction. EuroNews reported that a framework agreement between the United States and Iran helped stabilize credit markets, pushing investment-grade borrowing spreads to their lowest levels since February.
According to Bloomberg Intelligence analyst Robert Schiffman, access to low-cost long-term debt helps Nvidia finance its expanding AI operations while preserving its AA credit rating.
Funding the Next Phase of AI Expansion
A company spokesperson said the proceeds will be used for general corporate purposes, including refinancing and repaying existing debt.
The scale of the fundraising reflects Nvidia’s rapidly growing capital requirements as demand for AI infrastructure continues to accelerate. The company last issued investment-grade bonds in 2021, when it raised $5 billion (€4.3 billion).
The company has recently invested $5 billion in Intel, committed up to $10 billion to Anthropic and participated with $30 billion in OpenAI’s latest funding round.
Nvidia is not alone in tapping debt markets to finance AI expansion. According to EuroNews, Meta and Oracle have each raised $25 billion through bond offerings this year, while Amazon completed a $37 billion issuance.
Tech Giants Seek Capital for AI Race
While many companies are relying on debt financing, Alphabet recently chose a different route. According to company filings cited by EuroNews, Alphabet completed an $84.75 billion equity raise, the largest stock offering on record, to support its AI infrastructure investments.
The fundraising included a $10 billion private placement from Berkshire Hathaway. Alphabet has also accumulated more than $85 billion in debt during the first quarter of 2026, pushing its total debt above $100 billion.
Following the bond sale, Nvidia shares rose 3.5% to $212.45, giving the company a market valuation of approximately $5.14 trillion (€4.42 trillion).
