OpenAI just gave AMD a big boost in the AI chip wars

Core Insights - AMD has entered a multi-billion-dollar partnership with OpenAI to supply artificial intelligence chips, marking a significant step in enhancing AI compute capacity [1] - OpenAI will deploy 6 gigawatts of AMD GPUs, with the first 1 gigawatt deployment scheduled for the second half of 2026 [1] - This partnership positions AMD to compete more effectively against Nvidia, the current leader in the AI chip market [2] Company Developments - OpenAI will acquire a roughly 10% stake in AMD, with shares vesting as deployment and share price targets are met [2] - Following the announcement, AMD's share price increased nearly 27% in premarket trading [2] - AMD has not provided immediate comments regarding the partnership [2]