Nvidia’s jumbo bond sale draws $85 billion of investor demand

Nvidia is raising at least $20 billion through a seven-part bond sale, with peak investor demand reaching $85 billion, over four times the minimum target. The proceeds will refinance existing debt and support AI-related strategic partnerships, including its $30 billion commitment to OpenAI. Yields on the longest 30-year tranche tightened by 25bps from initial price talk, reflecting strong appetite and a low cost of capital for the AI bellwether.