AMD · 10-Q · 2026Q2 · Full report
OpenAI Partnership
ADVANCED MICRO DEVICES INC · 2026-08-05 · Importance 65 · Surprise 60 · In source text
In October 2025, AMD entered a multi-year agreement with OpenAI under which OpenAI intends to deploy up to 6 gigawatts of AMD data center GPUs. The first gigawatt is expected to be powered by AMD Instinct MI450 series products. AMD issued OpenAI a warrant for up to 160 million shares at an exercise price of $0.01 per share, with vesting tied to GPU purchase milestones and specified AMD stock-price or performance conditions; no tranches had vested or become exercisable as of June 27, 2026.
Key facts
- In October 2025 and February 2026, AMD entered into multi-year agreements with OpenAI and Meta under which each customer intends to deploy up to 6 gigawatts of AMD data center GPUs. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | In October 2025 and February 2026, AMD entered into multi-year agreements with OpenAI and Meta under which each customer intends to deploy… |