AMD announces major partnership with OpenAI for AI computing infrastructure

Core Insights - Advanced Micro Devices Inc. (AMD) shares surged over 35% in premarket trading following the announcement of a deal to provide computing power for OpenAI's next-generation AI systems [1] - The partnership is described as a "win-win," facilitating large-scale AI deployments and advancing the ecosystem [1] Group 1: Deal Details - AMD will supply enough graphics processing units (GPUs) to support 6 gigawatts of computing power for OpenAI's AI systems [2] - The first phase of the deal will commence in the second half of 2026, utilizing 1 gigawatt of AMD's upcoming MI450 chips [2] Group 2: Financial Implications - The partnership is expected to generate tens of billions of dollars in revenue for AMD while aiding OpenAI's AI infrastructure development [3] - AMD issued OpenAI a warrant for up to 160 million shares of AMD common stock, which will vest upon achieving certain milestones [3]