Leaseback Normalizes Funding

Investors treat the SPV leaseback as a balance-sheet management tool rather than distress financing. Amazon keeps access to Nvidia capacity while shifting some capital intensity to third-party vehicles, reinforcing the idea that hyperscalers can fund AI infrastructure without absorbing every chip purchase directly.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.