Market Chatter: Nvidia-Linked Data Center Raises $4.6 Billion From Junk Bond Sale

MT Newswires Live06:57

A Nevada data center project tied to Nvidia (NVDA) has raised $4.59 billion through a junk-bond sale, underscoring a rise in deals for AI infrastructure funding, Bloomberg reported on Tuesday, citing a person familiar with the matter.

The deal, backed by Tract Capital Management and Fleet Data Centers, priced five-year notes at a 6.74% yield, the report said.

The project, a 200-megawatt facility in Nevada, is expected to be leased to Nvidia.

The deal was priced during broader volatility in data center-linked stocks and bonds, as concerns grow over whether the rapid expansion in AI-related spending will deliver expected returns, Bloomberg said.

Nvidia did not immediately respond to MT Newswires' request for comment.

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