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AMD stock skyrockets 35% as OpenAI looks to take stake in AI chipmaker

Major challenge to Nvidia: OpenAIs massive new computing push will run on AMD chips

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Reuters

Amd Signs Ai Chip Supply Deal With Openai Gives It Option Take 10 Stake 2025 10 06

Verge

AMD teams up with OpenAI to challenge Nvidias AI chip dominance

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There's a "wall of fear-mongering and doomerism" in the AI world right now.

"Worrying about AI today is like worrying about overpopulation on Mars."

Concerns that AI could pose a threat to humanity is "preposterously ridiculous."

Claiming AI poses an existential threat is "such an extreme" and risks "wip[ing] out some of its potential benefits."

"I'm more concerned about... the risks that are here and now [than the existential threat of AI]."

Current AI is "not anywhere close" to posing an existential threat but it could in the future.

AI is the "biggest existential threat" to humanity.

AGI's worst-case scenario would be "lights-out for all of us."

Powerful AI systems "taking control" pose an "existential threat."

AI has a "10 to 25 per cent" chance of destroying humanity.

"The most likely result of building a superhumanly smart AI... is that literally everyone on Earth will die."

Does AI Pose an Existential Threat to Humanity?

AMD and OpenAI announced a 6 gigawatt agreement for OpenAI to deploy AMD Instinct GPUs across multiple generations, with the first 1 gigawatt deployment of AMD Instinct MI450 GPUs scheduled to begin in the second half of 2026.</span

The Wall Street Journal

Openai

AMD and OpenAI announced a 6 gigawatt agreement for OpenAI to deploy AMD Instinct GPUs across multiple generations, with the first 1 gigawatt deployment of AMD Instinct MI450 GPUs scheduled to begin in the second half of 2026.

As part of the agreement, AMD issued OpenAI a warrant for up to 160 million shares of AMD common stock, which could give OpenAI approximately 10% ownership in AMD based on current shares outstanding.</span

Financial Times

As part of the agreement, AMD issued OpenAI a warrant for up to 160 million shares of AMD common stock, which could give OpenAI approximately 10% ownership in AMD based on current shares outstanding.

The warrant vesting is structured around specific milestones, with the first tranche vesting upon the initial 1 gigawatt deployment and additional tranches unlocking as purchases scale up to 6 gigawatts.</span

Quartz

The warrant vesting is structured around specific milestones, with the first tranche vesting upon the initial 1 gigawatt deployment and additional tranches unlocking as purchases scale up to 6 gigawatts.

AMD's stock price surged more than 25% in premarket trading following the announcement, while rival Nvidia's shares slipped about 1% despite having recently announced its own $100 billion deal with OpenAI.</span

The New York Times

AMD's stock price surged more than 25% in premarket trading following the announcement, while rival Nvidia's shares slipped about 1% despite having recently announced its own $100 billion deal with OpenAI.

AMD Chief Financial Officer Jean Hu stated the partnership is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI infrastructure buildout over the next half-decade.</span

The Globe and Mail

AMD Chief Financial Officer Jean Hu stated the partnership is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI infrastructure buildout over the next half-decade.

The deal represents AMD's biggest win in challenging Nvidia's dominance in AI semiconductors, as AMD seeks to establish itself as a credible alternative in the accelerator chip market where Nvidia currently leads.</span

The deal represents AMD's biggest win in challenging Nvidia's dominance in AI semiconductors, as AMD seeks to establish itself as a credible alternative in the accelerator chip market where Nvidia currently leads.

AMD Stock Surges 25% on Massive OpenAI GPU Deal

AMD andStock OpenAISurges announce25% strategicon partnershipMassive toOpenAI deployGPU 6 gigawatts of AMD GPUsDeal

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