Nvidia targets at least $20 billion in first AI-era bond sale
What's new: The chipmaker could push the deal closer to $25 billion as it funds general operations and refinances debt.
Nvidia is preparing its first bond sale since the AI boom, targeting at least $20 billion and potentially raising closer to $25 billion, CNBC reported. The company disclosed plans for the offering in a Monday SEC filing but did not list a size. Nvidia said proceeds would go to general corporate purposes, including repaying and refinancing existing debt. The chipmaker had about $7.5 billion in long-term debt and $1 billion in short-term debt. The move comes as Nvidia ramps up shareholder returns, after boosting its dividend in May, authorizing $80 billion in buybacks and reiterating plans to return about half of free cash flow to shareholders this year. Nvidia shares rose 3.5% Monday and are up about 14% this year.