Advanced Micro Devices, Inc. (AMD) Chairman and Chief Executive Officer Lisa Su speaks to Bloomberg TV on Monday, October 6, 2025, in San Francisco, California, United States.
David Paul Morris | Bloomberg | Getty Images
AMD Shares rose 11% on Wednesday, continuing a strong rally since OpenAI announced plans to buy billions of dollars of AI equipment from chipmakers earlier this week.
On Monday, the ChatGPT maker signed a deal to potentially own 10% of AMD based on stock price and partnership milestones.
AMD’s market cap rose 4% on Tuesday and 24% on Monday, and now stands at $380 billion. The stock is up 43% so far this week, the fastest weekly increase since April 2016.
Partnership with OpenAI, which has a close historical relationship Nvidiastrengthening investors’ confidence that AMD will be a strong competitor to Nvidia in AI chips.
AMD CEO Lisa Su told reporters on Monday that the deal is a “win-win” and that the company’s AI chips are powerful enough to be used in “large-scale deployments,” meaning very large data centers like those built by OpenAI and cloud providers.
Nvidia CEO Jensen Huang responded to the Squawk Box deal on CNBC on Wednesday, calling it “amazing.”
“This is imaginative, unique and surprising considering they were so excited about the next generation product,” Huang said. “I’m surprised they would give away 10% of the company before forming it. Still, I think it’s a smart thing to do.”
AMD 5-day stock price chart.
