“AMD stock skyrockets 23% as OpenAI looks to take stake in AI chipmaker”
October 8, 2025
“OpenAI and AMD have reached a deal that could see Sam Altman’s company take a 10% stake in the chipmaker
OpenAI will deploy up to 6 gigawatts of AMD Instinct GPUs over multiple years, beginning with a 1-gigawatt rollout in 2026.
AMD issued OpenAI a warrant for up to 160 million shares, with vesting tied to deployment and share price milestones…”
https://www.cnbc.com/2025/10/06/openai-amd-chip-deal-ai.html