Overview
- AMD announced a multiyear agreement to provide OpenAI with MI450 GPUs, targeting deployments equivalent to six gigawatts from the second half of 2026 and a one‑gigawatt OpenAI build next year.
- The pact reportedly gives OpenAI warrants for up to roughly 10% of AMD’s equity tied to purchase volumes, a structure Jensen Huang called imaginative in a CNBC interview.
- AMD shares jumped 23.71% in a single session on the news, adding about $63.4 billion in market value, and lifting broader semiconductor stocks.
- Nvidia is participating in a reported $20 billion financing for Elon Musk’s xAI, with sources saying it may invest up to $2 billion; an SPV will buy Nvidia GPUs to lease to xAI’s Colossus 2 data center in Memphis over five years.
- Nvidia’s CEO warned the United States is not far ahead of China in AI, voiced support for H‑1B visas and told staff the company will cover the new $100,000 per‑application fee, as some analysts caution that AI‑driven stock surges echo dot‑com era exuberance.