OpenAI struck a multiyear deal to deploy up to 6 gigawatts of AMD’s Instinct GPUs and received warrants for as many as 160 million AMD shares, a package that could yield roughly a 10% stake if fully exercised. AMD shares jumped nearly 24% on the news, underscoring investor enthusiasm for a marquee AI customer and validation of AMD’s accelerator roadmap. The pact, which begins with a 1-gigawatt rollout in the second half of 2026, broadens OpenAI’s supplier base beyond Nvidia and highlights the industry’s race to secure compute amid power and supply constraints. OpenAI declined to disclose the dollar value but said the commitment is in the billions, adding to a rapid buildout that has raised concerns about concentration risks across AI’s capital, equity and hardware supply chain. Nvidia slipped about 1% as investors weighed heightened competition for AI workloads.
Related articles:
— AMD Instinct
— OpenAI
— Nvidia
— Graphics processing unit
— Generative artificial intelligence
