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Amazon Unloads $8 Billion Nvidia Chip Stash Amid Inventory Woes

Guavy AI Editorial Team
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AMZN NVDA
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Amazon has reportedly sought to offload $8 billion worth of Nvidia chips to investors.

The move comes as the tech giant struggles to manage its inventory in response to a slowdown in consumer demand. The $8 billion stash of Nvidia GPUs and other related products is said to be a significant portion of Amazon's overall inventory.

Nvidia has been one of the most affected companies by the current market conditions, with its stock price plummeting by over 50% since October.

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