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AMD Stock Surge Linked to OpenAI Deal
Shares of Advanced Micro Devices (NASDAQ: AMD) surged 58.3% in October 2025, driven largely by a multiyear processor supply deal with OpenAI announced on October 6. This agreement involves the shipment of 6 gigawatts of AMD processors to OpenAI’s data centers, with revenue-generating shipments of the first gigawatt of AMD Instinct MI450 chips set to begin in the second half of 2026.
The partnership allows OpenAI the option to purchase up to 10% of AMD’s stock as installations proceed. This development positions AMD within the competitive AI hardware market, though OpenAI also signed a larger deal with Nvidia and a $38 billion contract with Amazon (NASDAQ: AMZN) earlier this month, suggesting that while AMD is gaining traction, it is not the sole player in the AI landscape.
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