Nvidia Aims to Raise $20 Billion to Continue AI Chip Production

Artificial intelligence (AI) chipmaker Nvidia is reportedly planning to raise $20 billion through a U.S. The company has not accessed the investment-grade bond market since raising $5 billion 2021, a source familiar with the matter told Reuters in a report published Monday (June 15). The bond is comprised of seven tranches of notes, maturing as late as 2056, the report added, citing a term sheet seen by Reuters.