AMD and OpenAI announce 6GW GPU partnership; AMD issues warrant for up to 160M shares

ADVANCED MICRO DEVICES INC

OpenAI commits to purchase up to 6 gigawatts of AMD Instinct GPUs; initial 1GW MI450 deployment starts 2H 2026.
AMD issues OpenAI a warrant for up to 160M shares at $0.01/share, vesting upon GPU purchase milestones and AMD stock price targets up to $600.
Partnership expected to deliver tens of billions in revenue to AMD and be accretive to non-GAAP EPS.
Warrant exercisable until Oct 5, 2030; shares freely tradeable subject to registration rights.

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