In this article

OpenAI and Advanced Micro Devices

have reached a deal that could see Sam Altman’s company take a 10% stake in the chipmaker.

AMD stock skyrocketed 23.71% on Monday following the news.

OpenAI will deploy 6 gigawatts of AMD’s Instinct graphics processing units over multiple years and across multiple generations of hardware, the companies said Monday. It will kick off with an initial 1-gigawatt rollout of chips in the second half of 2026.