Nvidia Set to Sell $25 Billion of Bonds, Joining AI Debt Boom

Chipmaking giant Nvidia Corp. is set to raise $25 billion from a high-grade bond sale that received more than three times that amount in demand, underscoring relentless investor appetite for exposure to the artificial intelligence boom.

The deal, launched on Monday, attracted about $85 billion of orders at its peak, according to a person with knowledge of the matter, who asked not to be identified because they aren’t authorized to speak publicly.

The company joins a wave of tech giants including Alphabet Inc. and Amazon.com Inc. flooding debt markets with hundreds of billions of dollars of issuance as ...