Amazon seeks to offload $8 billion of Nvidia chips to investors, FT reports

Amazon is reportedly looking to unload approximately $8 billion worth of Nvidia chips onto investors via a new entity, according to the Financial Times. The tech giant is exploring the possibility of transferring thousands of Grace Blackwell chips, installed in US data centers, into a special-purpose vehicle (SPV). The company intends to lease the advanced AI chips back from the SPV, leveraging outside investment through debt issuance to bolster its financial standing.

Amazon aims to offer up to a 10% equity stake in the SPV. The chips in question were either purchased or leased by Amazon and are currently deployed in over a dozen US data centers across five states, including Nevada and Virginia. Amazon and Nvidia have not yet commented on the reported deal.