OpenAI Seeks 10 Percent Stake in AMD After New Chip Supply Deal

Shares of AMD soared as Wall Street’s AI-fueled rally persists.
OpenAI Seeks 10 Percent Stake in AMD After New Chip Supply Deal
An AMD logo featured on a CPU fan on Dec. 3, 2020. Timothy Dykes/Unsplash
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Advanced Micro Devices (AMD) and OpenAI have reached a deal that could see Sam Altman’s artificial intelligence (AI) juggernaut obtain a 10 percent stake in the chipmaker.

Shares of AMD climbed about 35 percent before the Oct. 6 opening bell following the announcement of one of the largest deals in the AI sector this year. The stock is up 36 percent since the beginning of 2025.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."