Amazon Sells $8 Billion Nvidia Chip Stake Amid AI Push
Amazon.com Inc (NASDAQ: AMZN) has announced plans to divest approximately $8 billion worth of advanced Nvidia chips through a newly created special-purpose vehicle.
This move aims to strengthen Amazon's balance sheet amid rising AI-related expenditures, which are expected to drive growth in the company's Amazon Web Services (AWS) segment and broader business operations.
The divestiture represents a novel financing approach designed to optimize Amazon's capital structure, with the company planning to issue debt and offer a 10% equity stake to investors.