Analysts: Amazon $25B Bond Sale Poses No Major Risk

On July 12, analysts concluded Amazon's $25 billion bond issuance poses no major risk to investors, citing strong operating cash flow near $150 billion and contracted capacity. The story began July 7 when Amazon filed for an eight-part U.S. dollar bond offering of at least $25 billion to fund surging AI infrastructure, following $64 billion already raised this year across currencies. The announcement triggered a sharp selloff in existing AI-related bonds, widening spreads on long-dated Amazon and Meta paper, while Bloomberg Intelligence projected capex could reach $300 billion in 2027. Shares held steady near $243 throughout.