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AMD Shares Surge 24% After Announcing Multibillion-Dollar Deal OpenAI
Forbes· 2025-10-06 19:45
The deal will see OpenAI acquire and deploy 6 gigawatt worth of AMD’s AI chips, starting with a 1 gigawatt deployment of AMD’s Instinct MI450 GPU next year.According to an SEC filing made by AMD, the chipmaker has issued OpenAI a warrant for up to 160 million shares, roughly 10% of the company, at one cent per share, which will be vested when specific share-price targets and commercial milestones are met. ...