By Aaron McDade
Publication Date: 2026-10-02 14:59:00
Credit: Sven Hoppe / picture alliance via Getty Images
Key Takeaways
Amazon is considering spinning off thousands of Nvidia chips into a special purpose vehicle, according to a report by The Financial Times.
The move would allow Amazon to continue using the chips without keeping the depreciating assets on its balance sheet, the report said.
Amazon is looking to get $8 billion worth of AI chips off its balance sheet, per a report late yesterday.
Amazon (AMZN) is considering spinning off thousands of Nvidia (NVDA) chips into a special purpose vehicle (SPV) to pursue a more asset-light strategy, The Financial Times reported last night, citing people familiar with the matter.
Amazon would lease the chips back from the SPV, allowing them to continue using the chips without keeping the depreciating assets on its balance sheet, the report said. The thousands of Nvidia Blackwell chips have already been bought or leased by Amazon, and installed in data centers across five states, per the report.
The move would mark the latest example of how big tech companies are seeking creative solutions to finance their massive data center buildout plans while also minimizing risks and maintaining their margins and credit ratings. Amazon did not immediately respond to a request for comment on the report.
Nine of the largest tech companies in the U.S. had about…
