Amazon.com Inc. issued $25 billion in bonds to finance its artificial intelligence infrastructure. The proceeds will fund data centers and custom silicon development. This funding supports the company's $200 billion capital expenditure plan for 2026.
Amazon informed bankers it will not issue more debt this year following the eight-part sale. Amazon shares fell approximately 1.3% in pre-market trading.
The offering attracted $62 billion in peak demand. This demand total fell substantially below a similar deal completed earlier this year. Bank of America issued a cautionary note regarding the scale of AI spending by major tech firms.