Overview

• AMD said its multi‑year agreement to supply several million GPUs to OpenAI could generate well over $100 billion in revenue, according to CEO Lisa Su.
• Shares of AMD jumped as much as more than 37% at the open and were still up about 26% late morning, while Nvidia slipped roughly 1.2%.
• Major U.S. indexes were mixed in midday trading, with the Nasdaq up 0.44%, the S&P 500 up 0.17%, and the Dow down 0.53%.
• OpenAI recently signed a separate equipment deal with Nvidia valued at over $100 billion, underscoring a push to diversify GPU sources.
• Analysts flagged a financing gap as OpenAI projects about $13 billion in 2025 revenue and targets first profit in 2029, even as hardware commitments mount.