Chipmaker Nvidia is preparing to sell a bond worth up to $25 billion in the US on Monday. This marks its first bond sale since 2021 and comes as investors are seeking exposure to the artificial intelligence (AI) sector.
The offering consists of various maturity dates ranging from two years to 30 years, with orders exceeding $85 billion by early afternoon New York time. The deal was upsized from $20 billion in response to this high demand for Nvidia bonds.
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