Amazon reportedly discusses $8 billion Nvidia chip financing

Amazon has held discussions with investors about a possible financing vehicle involving roughly $8 billion worth of Nvidia Grace Blackwell chips, according to a report based on people familiar with the matter. Under the proposed arrangement, Amazon would transfer thousands of chips to the vehicle, lease them back and offer outside investors an equity stake of up to 10%. The deal has not been publicly confirmed, and the available reporting does not establish that an agreement was reached. The reported structure would move chips Amazon bought or leased into a special-purpose vehicle, which could also raise debt. The chips are described as installed in more than a dozen U.S. data centers across five states, including Virginia and Nevada. Amazon would continue using the hardware under a lease, while investors would provide capital to the vehicle. The discussions are presented as a potential way for Amazon to finance costly artificial-intelligence infrastructure while using less of its own balance sheet. The reported $8 billion figure refers to the proposed transaction, not to a completed sale or a confirmed cash payment.