Nvidia-tied data centre raises $4.59 billion from junk-bond sale

A Nevada data-center project tied to Nvidia raised $4.59 billion through a junk-bond sale, part of a broader wave of financing for AI infrastructure. The five-year notes were sold at 99 cents on the dollar, yielding 6.74%, and were issued by an entity backed by Tract Capital Management LP and Fleet Data Centers I LP. The deal highlights strong capital demand to fund data-center capacity that supports AI workloads and could indirectly support continued demand for Nvidia chips and related spending, while also signaling healthy credit-market appetite for higher-yield infrastructure financings amid elevated yields.