OpenAI has struck a landmark deal with Advanced Micro Devices (AMD) that could give Sam Altman’s company up to a 10% ownership stake in the chipmaker.
Following the announcement, AMD shares surged over 25% in premarket trading on Monday.
Under the agreement, OpenAI will deploy 6 gigawatts of AMD’s Instinct GPUs over multiple years and generations, starting with 1 gigawatt in the second half of 2026. AMD has also issued OpenAI a warrant for up to 160 million shares, tied to deployment and performance milestones.
The first tranche of shares will vest after the initial 1-gigawatt rollout, with additional tranches unlocking as OpenAI scales up. If fully exercised, the warrant would give OpenAI roughly 10% ownership in AMD.
Sam Altman said the partnership will “accelerate progress and bring the benefits of advanced AI to everyone faster,” calling AMD’s chip leadership a critical enabler of OpenAI’s mission.
The deal marks one of the largest GPU deployment agreements in AI history, positioning AMD as a key strategic partner and helping reduce OpenAI’s dependence on a single supplier.The announcement follows OpenAI’s recent $100 billion equity-and-supply deal with Nvidia, though in that case, Nvidia took a stake in OpenAI. After the AMD news, Nvidia’s shares fell 1% in premarket trading.