Tuesday, 7 October, 2025
OpenAI Acquires 10% Stake in AMD, Boosting Shares by 30% in $90B AI Hardware Deal
AMD shares surged over 30% after OpenAI announced a multibillion-dollar partnership to deploy 6 gigawatts of AMD Instinct GPUs, starting with 1GW in late 2026. As part of the deal, OpenAI received warrants to acquire up to 160 million AMD shares, potentially securing a 10% stake. This strategic move positions AMD as a key player in AI infrastructure, challenging Nvidia's dominance in the sector.
Read full story at Money Control