New York, June 15, 2026, 19:08 ET
- Nvidia closed at $212.45, gaining as investors responded to its first significant bond deal since 2021.
- Reports said investor orders for the debt deal reached $85 billion, far above the $20 billion target.
- Nvidia reports fiscal Q2 results after the bell on August 26, setting up the next major event for the stock.
Nvidia jumped Monday as the company said it’s tapping the U.S. bond market for $25 billion, its first investment-grade corporate debt issue in five years and a larger deal than first planned. Shares closed at $212.45, up 3.5%, giving the chipmaker a market cap around $5.18 trillion. The news landed on a strong day for risk assets—SPDR S&P 500 ETF was also higher—but Nvidia shares accelerated after word spread about heavy demand for its bond sale. Investors showed plenty of appetite for Nvidia credit. Reuters
Nvidia has more room to maneuver with cash after its latest bond sale, which keeps share dilution off the table for now. Demand shot up to $85 billion, Reuters reported, pushing Nvidia to expand the sale from $20 billion. The company split the bonds into seven tranches. Maturities go out to 2056. In documents filed with the SEC, Nvidia described these as senior unsecured notes—so they’re above stock but not backed by assets. Reuters SEC
AI infrastructure spending still dominates the bull case for Nvidia. The company reported record fiscal Q1 revenue of $81.6 billion in May, up 85% from a year ago. Data Center revenue climbed 92% to $75.2 billion. Nvidia authorized another $80 billion for buybacks and lifted its quarterly dividend to $0.25. CEO Jensen Huang called the current AI buildout “the largest infrastructure expansion in human history,” and said it’s “accelerating at extraordinary speed.” That’s what has investors sticking with Nvidia’s earnings momentum. NVIDIA Newsroom
The bear argument is that expectations are running high. Nvidia’s P/E is roughly 32 using trailing numbers, tying its market price to earnings per share. Any sign of less AI chip demand, shrinking margins, tougher competition, or problems with China could hurt the stock. Nvidia is projecting $91 billion in fiscal Q2 revenue, give or take 2%. It’s not counting on any Data Center compute sales to China for that quarter. The new debt also raises balance-sheet exposure. The prospectus notes Nvidia already had $8.5 billion in senior notes as of April 26 and warns more payments could hit cash flow and financial health. StockAnalysis NVIDIA Newsroom SEC
Nvidia is mainly drawing in investors betting that AI infrastructure spending can keep up and keep justifying the stock’s valuation. For others taking a more cautious view, shares now look priced for perfect execution—maybe too perfect—even after Monday’s jump, with a lot of growth and optimism already worked in. Right now, attention is on how the bond sale prices and what demand will be, but the next big test is August 26 after the close, when Nvidia will post its fiscal Q2 results. Investors will see if the company’s $91 billion revenue target and roughly 75% gross margin are still on track. Wall Street Horizon NVIDIA Newsroom
