Financing · Oct 6, 2025

AMD has issued a warrant to OpenAI OpCo, LLC to purchase up to 160 million shares at a $0.01 exercise price, with…

AMDAdvanced Micro Devices Inc

AMD has issued a warrant to OpenAI OpCo, LLC to purchase up to 160 million shares at a $0.01 exercise price, with vesting tied to the purchase of up to six gigawatts of AMD Instinct GPU products. This strategic deal secures a massive, high-profile customer for AMD's AI hardware roadmap through a binding initial one-gigawatt commitment, but it introduces significant potential equity dilution for existing shareholders.