Lisa Su, chair and chief government officer of Superior Micro Units Inc. (AMD), throughout a Bloomberg Tv interview in San Francisco, California, US, on Monday, Oct. 6, 2025.
David Paul Morris | Bloomberg | Getty Photographs
AMD inventory climbed 11% on Wednesday, persevering with an enormous run since OpenAI introduced plans to purchase billions of {dollars} of AI tools from the chipmaker earlier this week.
On Monday, the ChatGPT maker entered into an settlement to doubtlessly personal 10% of AMD, based mostly on its inventory worth and partnership milestones.
AMD now has a market cap of $380 billion after climbing 4% on Tuesday and 24% on Monday. Shares are up 43% up to now this week, on tempo for the very best weekly achieve since April 2016.
The partnership with OpenAI, which has traditionally been carefully linked with Nvidia, has bolstered investor confidence that AMD shall be a viable competitor to Nvidia in AI chips.
AMD CEO Lisa Su instructed reporters on Monday that the deal was a “win-win” and that its AI chips had been ok for use in “at-scale deployments,” or very giant knowledge facilities like the sort OpenAI and cloud suppliers construct.
Nvidia CEO Jensen Huang on Wednesday reacted to the deal on CNBC’s Squawk Field, saying it was “stunning.”
“It is imaginative, it is distinctive and stunning, contemplating they had been so enthusiastic about their next-generation product,” Huang mentioned. “I am shocked that they might give away 10% of the corporate earlier than they even constructed it. And so anyhow, it is intelligent, I suppose.”
AMD 5-day inventory chart.