Amazon Seeks to Offload 8B in Nvidia Chips
Amazon is reportedly in talks with investors to offload about eight billion dollars of advanced Nvidia chips through a special-purpose vehicle. The cloud giant plans to lease the artificial intelligence semiconductors back while offering an equity stake in the new vehicle.
AMAZON.COM INC is seeking to offload $8 billion of advanced NVIDIA CORP chips through a new financing vehicle to strengthen its balance sheet, people familiar with the matter said on Friday morning. The cloud giant held talks with investors during the overnight session to gauge interest in moving thousands of Grace Blackwell semiconductors into a special-purpose vehicle. The proposed transaction allows the company to adopt a more asset-light approach while leasing the hardware back through debt issuance.
