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Amazon Shifts Nvidia Chip Debt
2 Oct
Summary
- Amazon plans to shift $8 billion of Nvidia chips.
- The transaction involves top-end Grace Blackwell chips.
- Special purpose vehicle will fund the chip offload.
Amazon.com Inc. is reportedly considering a substantial financial operation to move roughly $8 billion of Nvidia Corp.'s advanced Grace Blackwell chips away from its corporate ledger. The plan involves offloading these chips, currently housed in more than a dozen US data centers, into a distinct entity.
This newly created special-purpose vehicle is intended to be funded by external capital. The transaction aims to adjust the accounting treatment of these significant Nvidia assets on Amazon's balance sheet.
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