AMD shares surge after signing AI chip supply deal with OpenAI

South China Morning Post - Oct 7, 2025

Advanced Micro Devices (AMD) will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10 per cent of the chipmaker. Shares of the chipmaker surged 24 per cent on Monday, adding roughly US$63 billion to the company’s market value. The deal, latest in a string of investment commitments, underscores OpenAI and the broader AI industry’s voracious appetite for...

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