Amazon Eyes $8B Nvidia Chip Sale via Special-Purpose Vehicle
Amazon is seeking to offload approximately $8 billion worth of advanced Nvidia chips to external investors through a special-purpose vehicle. The move aims to improve the tech group's balance sheet health as AI spending increases, according to the Financial Times.
The e-commerce giant has reportedly held talks with investors in recent weeks and plans to transfer thousands of Grace Hopper (Blackwell) chips across more than a dozen US data centers into the special-purpose vehicle. This structure will allow Amazon to continue using the hardware while adopting a more asset-light financing model, where it would issue debt and sell up to 10% equity stake to investors.
The Financial Times reported that people familiar with the matter confirmed this development, but no further details were provided on the potential investment opportunities or the exact timeline for the deal. This move is seen as a strategic effort by Amazon to optimize its balance sheet in response to rising AI spending, which has led to increased demand for high-performance computing hardware.