Advanced Micro Devices (AMD) stock surged 28% in premarket trading after securing a deal with OpenAI to supply 6 gigawatts of GPUs, potentially generating billions in revenue. OpenAI will receive warrants for up to 160 million AMD shares, tied to performance milestones. AMD shares hit $211.18, the largest gain in nine years, while Nvidia shares dropped 1.4%. Deployment of AMD’s GPUs will begin in late 2026, with significant revenue growth expected by 2027. Microsoft, as OpenAI’s largest investor, could benefit indirectly from enhanced AI computing capacity. This is a developing story, with updates to follow.

Read more at Quiver Quantitative: AMD Shares Soar After Signing Multi-Year AI Infrastructure Deal With OpenAI