AMD Shares Soar on OpenAI Deal
October 6, 2025
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7:05Now PlayingAMD Shares Soar on OpenAI Deal
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as posted by the channelAdvanced Micro Devices Inc. shares surged in premarket trading after the chipmaker signed a deal with OpenAI for AI infrastructure that could generate tens of billions of dollars in new revenue.
The two signed a definitive agreement for OpenAI to deploy 6 gigawatts of AMD graphics processing units over multiple years, the companies said Monday in a statement. AMD has given OpenAI a warrant for as many as 160 million shares which will vest as milestones are achieved. Those targets require AMD’s stock price to continue to increase in value and future exercise points include a tranche tied to a share price of $600. AMD shares closed Friday at $164.67.
AMD shares jumped as much as 28% to $211.18 in early trading, which would represent their biggest intraday gain in more than nine years if the rally holds when markets open. Nvidia erased earlier gains and was down 1.4%.
The agreement is the latest huge data center deal for OpenAI as the artificial intelligence startup builds out more computing capacity — an unprecedented bet by the technology industry that runaway demand for power-hungry AI tools will continue unabated. In September, Nvidia Corp. said it would invest as much as $100 billion in OpenAI to build AI infrastructure and new data centers with a capacity of at least 10 gigawatts of power, equal to the peak electricity demand of New York City. It’s unclear how exactly OpenAI will finance the enormous costs associated with the chips and data centers needed to build and run more advanced AI systems. Two months ago, Altman said he wants to spend “trillions” on infrastructure to secure the computing resources he thinks the company needs for AI services. To bankroll that, OpenAI Chief Executive Officer Sam Altman said his company is working to devise a “new kind” of financial instrument, without providing details.
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