OpenAI Strikes Massive GPU Deal with AMD, Potentially Gaining 10% Stake as Stock Surges 24%
OpenAI secures massive multi-year deal with AMD for 6 gigawatts of Instinct GPUs starting in 2026, receiving warrants for up to 160 million AMD shares that could grant a 10% ownership stake, sending AMD stock soaring 24% as the partnership positions the chipmaker as a key alternative to reduce OpenAI's …