AMD stock skyrockets 25% as OpenAI looks to take stake through AI chip deal

Group 1 - OpenAI and Advanced Micro Devices (AMD) have reached a deal where OpenAI will take a 10% stake in AMD, leading to a significant increase in AMD's stock price by over 25% during premarket trading [1] - OpenAI plans to deploy 6 gigawatts of AMD's Instinct graphics processing units over multiple years, starting with an initial rollout of 1 gigawatt in the second half of 2026 [2] - AMD has issued OpenAI a warrant for up to 160 million shares of AMD common stock, with vesting milestones linked to deployment volume and AMD's share price [3] Group 2 - If OpenAI exercises the full warrant, it could acquire approximately 10% ownership in AMD based on the current number of shares outstanding [4] - The deal is valued in the billions, although a specific dollar amount has not been disclosed [4] - Sam Altman stated that AMD's leadership in high-performance chips will help accelerate the progress of advanced AI [4]