Amazon.com Inc. is reentering the U.S. corporate bond market for the first time since 2022, launching a multi-tranche offering expected to raise $15 billion as major technology companies accelerate borrowing to bankroll next-generation artificial-intelligence infrastructure.

People familiar with the deal said investor demand reached roughly $80 billion, allowing Amazon to increase the planned size by about $3 billion and tighten pricing on the longest maturities. Amazon is issuing investment-grade notes across as many as six tranches, including a 40-year bond initially discussed at around 1.15 percentage points over Treasuries, later narrowed to approximately 0.85 points.Goldman Sachs, JPMorgan, and Morgan Stanley are managing the sale. All three declined to comment. In an emailed statement, Amazon said the proceeds will be used to support business investments, fund future capital expenditures, and repay upcoming debt maturities.

This marks Amazon’s first major U.S. debt raise since November 2022, when it sold $8.25 billion of bonds. Amazon’s return to the credit markets comes amid a historic wave of debt issuance across the tech sector. Alphabet raised $25 billion earlier this month, Meta completed a $30 billion offering… the largest corporate bond sale of the year… and Oracle issued $18 billion in September. These mega-deals have helped push global corporate bond issuance past $6 trillion for 2025.

Analysts at JPMorgan expect AI-related capital needs to drive U.S. investment-grade issuance to $1.81 trillion next year, a potential record. Amazon is among the largest buyers of AI computing capacity in the world through its AWS cloud division. Analyst estimates compiled by Bloomberg show Amazon’s capital expenditures could surpass $147 billion next year, nearly triple 2023 levels, as it races to build data centers and deploy Nvidia-powered AI systems.

Earlier this month, the company’s cloud unit entered a $38 billion, seven-year computing agreement to supply OpenAI with hundreds of thousands of Nvidia graphics processors. The deal is one of the largest publicly disclosed cloud-AI commitments to date. JPMorgan analysts noted that Amazon… historically funded primarily by internal cash flow… is taking advantage of market conditions to add low-cost debt to its capital structure and improve financial flexibility. They added that Amazon could explore private-credit partnerships to support its expanding data-center footprint through structures such as sale-leasebacks or joint ventures.

Amazon’s deal follows a series of mega-issuances across Silicon Valley as companies prepare for unprecedented AI-related capital needs:

• Meta issued up to $30 billion
   
• Alphabet raised $25 billion
   
• Oracle raised $18 billion
   
• Verizon is reportedly preparing $10 billion of issuance to fund its Frontier acquisition

According to Morgan Stanley, Meta, Amazon, and Alphabet alone are on pace to spend roughly $400 billion on AI infrastructure this year. Reuters separately reported that Amazon filed paperwork for a six-part U.S. dollar bond sale earlier Monday, without specifying an initial size. Bloomberg later reported Amazon is targeting around $15 billion. Proceeds may be used for acquisitions, capex, or buybacks, consistent with Amazon’s filing and Bloomberg’s reporting.

With AI capital spending accelerating and demand for high-power data-center capacity doubling since 2022, Amazon’s latest bond sale reflects a broader industry reality: the next era of cloud computing requires unprecedented upfront investment. Analysts expect the company to remain an active issuer as it scales its infrastructure ahead of a steep rise in global AI workloads.

About Amazon.com, Inc.

Amazon.com, Inc. (NASDAQ: AMZN) is a global technology company headquartered in Seattle, Washington, operating a diversified portfolio of businesses spanning e-commerce, cloud computing, digital media, and artificial intelligence. Founded in 1994, Amazon serves hundreds of millions of customers worldwide through its online marketplaces and subscription services.

Amazon Web Services (AWS), the company’s cloud computing division, is a leading global provider of on-demand computing, storage, and AI infrastructure, powering enterprises, startups, and government organizations across more than 190 countries. Amazon also develops consumer devices, entertainment content through Prime Video, and a growing suite of generative AI and automation technologies. The company continues to invest heavily in logistics, data centers, and AI-driven services while expanding internationally across retail, cloud, advertising, and digital innovation.

At the time of publishing, Stocks.News holds positions in Amazon, Alphabet, Meta, and Verizon.