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Advanced Micro Devices Explodes on OpenAI Pact, But is AMD the Best AI Chip Stock to Buy Now?
Yahoo Finance· 2025-10-06 21:06
Advanced Micro Devices (AMD) stock is screaming higher in premarket action, up 33% on a landmark partnership with OpenAI. Under the terms of the deal – which represents one of the largest GPU deployment agreements in the artificial intelligence (AI) industry – OpenAI received warrants for up to 160 million AMD shares, potentially giving them an approximately 10% ownership stake upon meeting specific deployment milestones and share price targets. The AMD-OpenAI deal involves deploying 6 gigawatts of AMD In ...