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Nvidia's Huang says he's surprised AMD offered 10% of the company in 'clever' OpenAI deal

1. OpenAI will buy 6 GW of AMD chips over several years. 2. AMD's MI450 series is included in the deal with OpenAI. 3. OpenAI can acquire up to 10% of AMD through share warrants. 4. Nvidia's CEO expressed surprise at AMD's offer of 10% ownership. 5. The partnership could significantly influence AMD's market position.

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FAQ

Why Bullish?

The partnership with OpenAI could enhance AMD’s market visibility and revenue streams, mirroring NVIDIA's rise post-AI developments.

How important is it?

The partnership directly impacts AMD’s revenue and stock structure, making it significantly relevant.

Why Long Term?

As OpenAI's chip needs grow, AMD's consistent supply could solidify its market standing and long-term contracts can stabilize revenue.

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