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AMD stock skyrockets 25% as OpenAI looks to take stake in AI chipmaker

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OpenAI and Advanced Micro Devices have reached a deal that could see Sam Altman’s company take a 10% stake in the chipmaker.

AMD stock skyrocketed more than 25% Monday during premarket trading following the news.

OpenAI will deploy 6 gigawatts of AMD’s Instinct graphics processing units over multiple years and across multiple generations of hardware, the companies said Monday. It will kick off with an initial 1 gigawatt rollout of chips in the second half of 2026.

Read more from CNBC.

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