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Amazon Looks to Offload $8B of Nvidia AI Chips From Its Balance Sheet

Amazon shares are up 10% for the year so far.Credit: Sven Hoppe / picture alliance via Getty ImagesKey TakeawaysAmazon 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…

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