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AMD partners with OpenAI to target $100B in revenue

Business

AMD just announced a major partnership with OpenAI, aiming to generate over $100 billion in revenue.
The plan? Roll out AMD's Instinct GPUs on a huge scale—think 6 gigawatts of computing power—to help fuel OpenAI's projects.
The first wave of these powerful chips should be up and running by late 2026, putting AMD front and center in the AI race.

AMD's quarterly revenue soars, but stock takes a hit

AMD's latest quarterly revenue jumped 36% to $9.25 billion, beating Wall Street expectations. Earnings per share also edged past forecasts.
Still, despite the solid numbers and big AI ambitions, AMD's stock slipped nearly 4% after the announcement—a reminder that even strong results don't always impress investors right away.