Amazon Raises $25B in Bonds for AI

Amazon is raising at least $25 billion through an eight-part bond sale to fund its artificial intelligence infrastructure buildout. The offering drew nearly $62 billion in peak demand before banks trimmed spreads, leaving a final book of around $41 billion. Amazon says it does not plan to borrow again this year. The sale is part of a broader borrowing spree, following roughly $54 billion raised earlier this year and a $10 billion Canadian offering in June. Amazon has guided toward $200 billion in capital expenditures this year, up from $131 billion in 2025, driven largely by AWS data centers and custom chips.