Amazon.com is reportedly targeting $37 billion to $42 billion in its latest bond sale, as the tech giant seeks to fund extensive spending on artificial intelligence infrastructure. This significant offering, denominated in both dollars and euros, comes as major tech companies invest heavily in AI.
The company is marketing U.S. high-grade bonds in multiple tranches, according to regulatory filings. This move follows a trend of massive bond issuances by hyperscalers prioritizing AI and cloud infrastructure. Investor appetite for high-grade corporate debt remains robust, especially for technology firms with strong credit profiles central to the AI buildout.
This issuance is part of a larger industry trend. Google-parent Alphabet recently raised approximately $32 billion, and Oracle plans to raise $45 billion to $50 billion for cloud infrastructure. Amazon's last bond sale was in November for $15 billion.