- AMD will supply OpenAI with its next-gen MI450 AI chips under a multi-year agreement.
- The deal will provide 6 gigawatts of compute power, with the first 1 GW facility launching in the second half of 2026.
- AMD expects the deal to generate tens of billions in annual revenue, projecting more than $100 billion over four years when factoring in ecosystem effects.
- OpenAI gains the option to purchase up to 10% of AMD’s stock (160 million shares via warrants), tied to chip deployment milestones and AMD share-price targets.
- AMD stock surged over 30%, adding around $80 billion to its market cap.
AMD and OpenAI Sign AI Chip-Supply Deal
