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AMD stock skyrockets 25% as OpenAI looks to take stake in AI chipmaker
OpenAI and chipmaker Advanced Micro Devices (AMD) have announced a major partnership that could give OpenAI up to a 10% ownership stake in AMD.
The deal involves OpenAI deploying 6 gigawatts of AMD’s Instinct GPUs over several years, beginning with a 1-gigawatt rollout in late 2026.
AMD granted OpenAI a warrant for up to 160 million shares, with vesting tied to deployment milestones and AMD’s share price.
The agreement, worth billions according to OpenAI, makes AMD a key strategic partner and one of the largest GPU suppliers for OpenAI’s expanding AI infrastructure, CNBC has reported.
AMD shares surged more than 25% in premarket trading following the announcement, while Nvidia shares slipped 1% amid news of the deal.
read more: https://www.cnbc.com/2025/10/06/openai-amd-chip-deal-ai.html
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