Technology

Nvidia launched its first corporate bond offering since 2021, raising $20 billion across seven tranches to fund its AI chip ambitions. The deal, led by Goldman Sachs, J.P. Morgan, and Morgan Stanley, signals that the AI infrastructure boom has become as much a fixed-income story as an equity one. With hyperscaler capital spending on pace to top $725 billion in 2026 and AI-related debt nearing $1.2 trillion industry-wide, the cost of capital is now stratifying sharply between companies with locke