157 place 2

483 Nvidia’s Chip Round-Trip Deals

The Information
Martin Peers @ The Information · 09/04/2025 20:00 EDT

Nvidia’s Chip Round-Trip Deals

What would you think if Apple set up a company to buy iPhones and then rented those devices back for use by Apple staffers? It would make you wonder, right? Yet that’s more or less what Nvidia has taken to doing. As we reported today, Nvidia has struck a couple of deals to rent its own chips from Lambda, a cloud startup Nvidia partly owns. Nvidia is paying Lambda a total of $1.5 billion over time for the two deals. The arrangements are similar to the deal Nvidia struck with CoreWeave, another Nvidia-backed.

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