Overview

• AMD says OpenAI will deploy roughly 6 gigawatts of Instinct/MI450 compute and received a warrant covering about 160 million AMD shares, which could equate to roughly a 10% stake based on deployment and price targets.
• AMD and OpenAI collaborated to enable Triton on AMD hardware, lowering switching costs for developers and positioning MI450 especially for inference workloads.
• OpenAI also has a separate Nvidia arrangement reported at about $100 billion for roughly 10 GW, prompting scrutiny of vendor‑linked financing and capacity commitments across multiple suppliers.
• Nvidia CEO Jensen Huang defended demand and funding pathways, saying AI data‑center buildouts will be financed through rising revenue, equity, or debt as the sector moves into a multi‑trillion‑dollar infrastructure cycle.
• AMD shares jumped following the announcement as Morgan Stanley lifted its price target to $246 and raised 2027 datacenter GPU revenue estimates, while some analysts warned that material revenue from the deal may not show up for several quarters.