AMD shares surge on OpenAI deal

(Sharecast News) - Chipmaker AMD rallied in pre-market trading on Monday after it unveiled a multi-year infrastructure deal with OpenAI, under which it will supply high-performance graphics chips to power the ChatGPT developer's next-generation AI systems. The agreement includes a commitment to deliver up to six gigawatts of computing capacity, with the first gigawatt expected to come online in the second half of 2026.

As part of the deal, AMD has issued OpenAI a warrant to purchase up to 160m shares, equivalent to 10% of its common stock, subject to deployment-linked milestones.

The move marks a strategic boost for AMD, which has lagged rival Nvidia in the race to supply AI-grade GPUs.

As of 1345 BST, AMD had surged 34.85% in pre-market action to $222.06 per share.











Reporting by Iain Gilbert at Sharecast.com