AMD Shares Soar 35% After Deal with OpenAI to Supply 6 GW of GPUs. Lisa Su Predicts 10-Year AI Supercycle and “Tens of Billions” in Revenue.
AMD Signs Massive Deal with OpenAI: The Beginning of a 10-Year AI Supercycle
AMD CEO Lisa Su said the tech world needs to “think bigger” about artificial intelligence, commenting on a new multi-billion dollar deal with OpenAI.
AMD shares soared 35% after the partnership was announced, and the company said it would supply up to 6 gigawatts of GPUs to OpenAI over several years, starting with the MI450 in the second half of 2026.
Su stressed that “this is the beginning of a 10-year supercycle” in which AI computing will drive everything from finance to medicine.
Deal details: 6 GW of GPUs and 10% of the shares
As part of the deal, AMD issued OpenAI with warrants for 160 million shares — about 10% of the company, which will be activated in stages after achieving production targets.
The first stage is after the deployment of 1 GW of capacity. Lisa Su estimated the potential revenue of the deal at “tens of billions of dollars.”
The deal was the culmination of years of negotiations between AMD and OpenAI.
Analysts see a strong momentum in the partnership
According to Barclays, the structure of the deal is “aimed at mutual benefit” and could add $18 billion in annual revenue and $3 per share of earnings by 2030.
Citi notes that the deal also benefits Astera Labs, which supplies the networking infrastructure for AMD’s Helios platform, calling it “a key catalyst for AI hardware.”
AMD vs. Nvidia: A New Turn in the Race
Nvidia still controls about 90% of the AI GPU market, but AMD’s deal with OpenAI is the first real challenge to its competitor’s dominance.
Nvidia previously announced its own $100 billion investment in OpenAI and a $5 billion partnership with Intel to co-develop data centers.
“AI will change everything”: Lisa Su’s vision
Su emphasizes that AI will open up unprecedented opportunities for humanity:
“We can treat diseases faster, create new drugs, detect problems at an early stage — these are real impacts on people’s lives.”
She adds that AMD is “investing at the right pace,” and companies’ bold moves in AI “will be rewarded.”
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