Amazon seeks to offload $8 billion of Nvidia chips to investors, FT reports
Amazon is seeking to offload about $8 billion of advanced Nvidia chips to investors through a new vehicle to strengthen its balance sheet, the Financial Times reported on Friday, citing people familiar with the matter. In recent weeks, Amazon has held talks with investors to gauge interest in the deal that would move thousands of Grace Blackwell chips it is installing in US data centres into a…
Amazon is considering selling around $8 billion worth of Nvidia chips to investors, according to the Financial Times. The tech giant is aiming to bolster its balance sheet by transferring thousands of these advanced AI chips, known as Grace Blackwell, to a special-purpose vehicle (SPV). The SPV would then lease the chips back to Amazon through debt issuance, allowing the company to tap into outside investors.
Amazon intends to keep a 10% equity stake in the SPV. The chips in question have already been acquired or leased by Amazon and are installed in over a dozen US data centers across five states, including Nevada and Virginia. Both Amazon and Nvidia have yet to comment on the reported deal.
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