Amazon Shifts $8 Billion in Nvidia Chips to Asset-Light Financing Model

Amazon is reportedly exploring an innovative financing structure to reduce its balance-sheet burden from rapidly expanding AI infrastructure spending. The e-commerce giant aims to transfer around $8 billion of Nvidia chips into a special-purpose vehicle funded by external investors.

The new vehicle would issue debt and sell up to 10% equity stake to outside investors, allowing Amazon to keep using the hardware while minimizing its financial obligations. This move is part of Amazon's efforts to preserve balance-sheet flexibility without slowing down the deployment of Nvidia's most advanced hardware across AWS.

The reported plan highlights a growing trend in the tech industry: companies are seeking new ways to finance expensive and fast-depreciating infrastructure needed for generative AI workloads.