Amazon Pursues $8 Billion Sale-and-Leaseback of Nvidia Chips — BigGo Finance

Amazon is pursuing a sale-leaseback structure for approximately $8 billion worth of Nvidia artificial intelligence chips, transferring them to outside investors while continuing to lease and use them. The strategy aims to relieve the surging burden of AI infrastructure investment from its balance sheet while maintaining data center computing capacity.

According to the Financial Times, Amazon has recently been in contact with investors to discuss transferring approximately $8 billion worth of Nvidia “Grace Blackwell” chips deployed in U.S. data centers to a special purpose vehicle (SPV). The assets include thousands of AI chips installed across more than a dozen data centers in five U.S. states, including Nevada and Virginia.

The structure works as follows: Amazon transfers the chips it has secured to an SPV, which then issues bonds to raise capital from outside investors. Amazon subsequently leases the chips back and continues to use them in its existing data centers. This allows…