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

Amazon is reportedly considering offloading approximately $8 billion worth of Nvidia chips to investors, according to the Financial Times. The tech giant is working with potential investors to gauge their interest in the deal, which would involve placing thousands of Nvidia Grace Blackwell chips from US data centers into a special-purpose vehicle.

The company could then lease these AI chips back, raising funds through debt issuance. By unloading the expensive semiconductors, Amazon aims to adopt a more asset-light approach to its balance sheet. The proposed deal would allow Amazon to retain a 10% equity stake in the vehicle. These Nvidia chips are currently installed in over a dozen US data centers located in states like Nevada and Virginia. Amazon and Nvidia have not commented on the matter.