| | | Ignore the price in the quote below--AMD up around 25% on this deal to around $204! Whew, this market is crazy!
Advanced Micro Devices, OpenAI Sign Deal for AMD GPUs Deployment
MT NEWSWIRES 7:28 AM ET 10/6/2025
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| AMD | 164.67 | 0 (0%) | | MSFT | 517.35 | 0 (0%) | | QUOTES AS OF 04:00:00 PM ET 10/03/2025 | Symbol Last Price Change
07:28 AM EDT, 10/06/2025 (MT Newswires) -- Advanced Micro Devices(AMD) will supply Microsoft(MSFT) -backed OpenAI with 6 gigawatts of graphics processing units as part of a multiyear deal, the companies said Monday.
The first 1 gigawatt supply of AMD's Instinct MI450 GPUs will start in H2 2026, according to the joint statement.
The companies said that AMD has issued OpenAI a warrant for up to 160 million AMD common shares, structured to vest upon the achievement of certain milestones, including specific share-price targets.
The first tranche will vest with the preliminary 1 gigawatt deployment, with additional tranches due to vest as purchases reach up to 6 gigawatts, the companies said.
Microsoft (MSFT) has a long-standing partnership with OpenAI, starting with a $1 billion investment in 2019.
Advanced Micro Devices' (AMD) shares were up 25% in recent Monday premarket activity |
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