Amazon plans to raise at least $25 billion through one of its largest bond offerings. The company will use the capital to finance AI infrastructure, including data centers and servers. Strong investor demand could increase the final size of the offering.
The sale follows a similar $25 billion debt issuance by Meta to fund AI development. Alphabet, Microsoft, and Meta collectively expect to spend hundreds of billions on AI infrastructure this year.
High spending levels have raised short-term investor concerns, potentially impacting initial interest in the sale. Tech giants continue to leverage debt markets to maintain competitiveness in the AI sector.