NVIDIA Joins the AI Debt Boom, Massive Financing May Intensify the Global Computing Power Arms Race
Nvidia plans to issue at least $20 billion in bonds across seven tranches with maturities from 2 to 30 years, offering yields up to 0.9 percentage points above U.S. Treasuries for the longest term. Underwritten by JPMorgan and other banks, proceeds will fund general corporate purposes, including AI computing expansion, joining a debt issuance trend.....