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

Amazon aims to offload $8 billion worth of Nvidia chips to investors, according to the Financial Times. The tech giant is reportedly considering a new vehicle to bolster its balance sheet, as revealed by sources familiar with the matter. Amazon has been engaged in discussions with potential investors in recent weeks, aiming to gauge interest in the proposed deal.

The strategy involves moving thousands of Grace Blackwell chips, installed in US data centers, into a special-purpose vehicle. The company would then lease these advanced AI chips back from the SPV, potentially attracting investment through debt issuance. By offloading the expensive semiconductors, Amazon could adopt a more asset-light approach to its balance sheet.

Amazon plans to offer an equity stake of up to 10% in the vehicle. The chips are currently housed in over a dozen US data centers across five states, such as Nevada and Virginia. As of now, Amazon and Nvidia have not commented on the matter.