AMD Stock Surges As Chipmaker Latest To Get OpenAI Deal

Advanced Micro Devices (AMD) on Monday announced a strategic partnership with big-spending artificial intelligence company OpenAI. AMD stock surged on the news. Under the deal, OpenAI will deploy 6 gigawatts of AMD graphics processing units, or GPUs, over a multi-year, multi-generation period. It will start with 1 gigawatt of AMD Instinct MI450 Series GPUs in the second half of 2026. Also, AMD gave OpenAI a warrant for as many as 160 million shares of AMD stock that will vest as milestones are achieved. Tho ...