They borrow at the same rate as the US government. This is basically free money at current inflation rates. Great move by Nvidia. $NVDA
Evan: NVIDIA $NVDA JUST PRICED A $25 BILLION BOND OFFERING
Here is the full breakdown:
$3.5B at 4.250% due 2028
$3.5B at 4.350% due 2029
$4.0B at 4.500% due 2031
$3.5B at 4.750% due 2033
$4.0B at 4.950% due 2036
$3.0B at 5.550% due 2046
$3.5B at 5.625% due 2056
- Net proceeds: $24.9
Ross Gerber views Nvidia's $25B bond offering as a smart financial move, emphasizing that the company is borrowing at rates comparable to U.S. government debt, which he characterizes as 'basically free money' given current inflation levels. The offering spans maturities from 2028 to 2056 with yields ranging from 4.25% to 5.625%.
Author explicitly calls this a 'great move,' highlighting favorable borrowing terms. External data shows NVDA up 3.54% today, reclaiming $5T market cap, and trading at $212.45. Recent news confirms the bond sale is Nvidia's first debt offering during the AI boom. Sentiment is positive with upcoming earnings on 2026-08-25 (EPS est 2.12). The bullish view is anchored in financial strategy—accessing cheap capital at inflation-beating rates—rather than speculation, supporting moderate-high confidence.
关键要点
Nvidia priced a $25B bond offering across seven tranches with maturities from 3 to 31 years
Interest rates range from 4.25% (2028) to 5.625% (2056), comparable to sovereign debt rates
Author characterizes this as 'free money' relative to current inflation, suggesting the real borrowing cost is minimal or negative
Net proceeds of $24.9B provide significant capital flexibility for Nvidia
