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Nvidia plans first corporate bond sale since AI boom to raise about $20 billion

Nvidia plans to raise about $20 billion through a corporate bond sale, its first since the artificial intelligence boom gathered pace. It disclosed the financing plan in a filing with the U.S. Securities and Exchange Commission without stating the size, while people familiar with the matter said the target is about $20 billion. Nvidia said proceeds will be used for general corporate purposes, including repayment and refinancing of existing debt.