Nvidia remains the critical bottleneck of the global AI industry: according to a Financial Times report, Amazon wants to sell Nvidia AI chips worth roughly $8 billion to outside investors and then lease them back. At the same time, Bloomberg reports on smuggling cases that keep getting Nvidia chips into China despite existing US export controls, while TradingKey reports on Nvidia's largest-ever stock buyback program, which could push the stock toward $300.
- According to FT, Yahoo Finance and Seeking Alpha, Amazon wants to sell Nvidia AI chips worth $8 billion to investors and lease them back via a sale-and-leaseback arrangement.
- Bloomberg reports on smuggling cases that, according to the report, expose weaknesses in Nvidia's export controls and show how chips continue reaching China despite US restrictions.
- According to an analysis by Dr. Robert Castellano, supplier KLA made a significant contribution to Nvidia's $96 billion quarterly revenue.
- TradingKey sees upside potential toward $300 driven by Nvidia's largest-ever buyback program.
- Nvidia-backed company Firmus is reportedly targeting a $30 billion valuation in an IPO in Australia, according to Bloomberg.
What does the Amazon deal mean for Nvidia chips?
According to an FT report picked up by Yahoo Finance and Seeking Alpha, Amazon wants to sell Nvidia AI chips worth roughly $8 billion to investors and then lease them back. This sale-and-leaseback structure would allow Amazon to free up capital without giving up access to the compute capacity — a clear sign of just how capital-intensive building Nvidia-powered AI data centers has become.
How are Nvidia chips reaching China despite US controls?
Bloomberg reports that Nvidia's AI chips continue to find their way into China despite existing US export restrictions. A separate Bloomberg report on chip smuggling cases, according to the article, exposes concrete weaknesses in Nvidia's control and distribution processes, raising questions about the effectiveness of existing export rules.
What role does KLA play in Nvidia's record quarter?
According to an analysis by Dr. Robert Castellano, equipment maker KLA was a "hidden partner" behind Nvidia's $96 billion quarterly revenue — an indication of how tightly interwoven the supply chain behind Nvidia's AI chips really is.
What is Firmus, and why does its Nvidia connection matter?
According to Bloomberg, Firmus is an Nvidia-backed company targeting a valuation of up to $30 billion in a planned IPO in Australia — further evidence of strong investor interest in companies within Nvidia's ecosystem.
TradingKey reports that Nvidia has launched the largest stock buyback program in its history, which, according to the analysis, could push the stock toward $300 — an additional driver for the bullish narrative around the company.
There's also movement in Nvidia's broader orbit: according to Yahoo Finance, Elon Musk hinted at a "big deal" tied to Nvidia at SpaceX, which, according to an industry insider, could come with up to 25% higher performance — another sign of how widely Nvidia's technology is now embedded across high-tech projects.
Nvidia's AI chips reach China despite US curbs.
Bloomberg.com, 2026-10-02
