Bonds financing the massive artificial-intelligence buildout were hit hard by selling on Tuesday, as Amazon.com set out to borrow another $25 billion in new debt.
Amazon is looking to raise at least $25 billion from a US dollar bond sale, marking its latest jumbo debt offering as the tech giant ramps up spending on artificial intelligence infrastructure. Bloomberg Intelligence analyst Robert Schiffman joins Ed Ludlow on "Bloomberg Tech.
Amazon.com (AMZN, Financials), the e-commerce, cloud computing and digital services company behind Amazon Web Services and Prime, plans to raise at least $25 bi
Investors haven't been too fond of Amazon's capital expenditure estimates for this year. Backlog for its AWS segment totaled $364 billion at the end of the first quarter.
Amazon.com Inc (NASDAQ:AMZN) is planning to raise at least $25 billion through an eight-part bond offering as the company seeks additional funding for its artificial intelligence infrastructure expansion, according to various media reports. The company disclosed in a regulatory filing that it plans to issue floating- and fixed-rate notes but did not provide the size of the offering.