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.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

ADVANCED MICRO DEVICES INC issued up to an aggregate of 160 million shares of common stock of warrant to OpenAI OpCo, LLC for exercise price of $0.01 per share.

Security: warrant
Shares: up to an aggregate of 160 million shares of common stock
Purchaser: OpenAI OpCo, LLC
Consideration: exercise price of $0.01 per share

Exact text from the filing

On October 5, 2025, Advanced Micro Devices, Inc. (the “ Company ”) issued to OpenAI OpCo, LLC (“ Warrantholder ”) a warrant (the “ Warrant ”) to purchase up to an aggregate of 160 million shares of common stock of the Company (the “ Warrant Shares ”) at an exercise price of $0.01 per share.

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Source: SEC EDGAR

accession 0001193125-25-230895

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