Nvidia Corp's (NASDAQ:NVDA) reported plans to raise at least $20 billion through a bond offering have sparked speculation on Wall Street, with Jim Cramer questioning whether the AI chip giant could be borrowing money to fund stock buybacks similar to Apple Inc.'s (NASDAQ:AAPL) long-running capital return strategy.
Cramer Draws Apple Comparison After Nvidia Debt Filing Nvidia is seeking to raise at least $20 billion through a debt offering, marking the chipmaker's first bond sale since the AI boom took off, CNBC reported on Monday, citing sources with knowledge of the matter.
The company disclosed plans for a capital raise in an SEC filing, but did not specify an amount.
The Jensen Huang-led tech giant previously said it could issue up to $25 billion in unsecured commercial paper and sources said the debt offering could ultimately approach that figure.
Reacting to the report, Cramer asked on X, "Could Nvidia's bond sale mean that it is going like Apple and starting to buy in its own stock as it is too cheap?" Could Nvidia's bond sale mean that it is going like Apple and starting to buy in its own stock as it is too cheap?— Jim Cramer (@jimcramer) June 15, 2026 The speculation comes just weeks after Nvidia unveiled an aggressive shareholder return plan, raising its quarterly dividend and authorizing up to $80 billion in share repurchases.
