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OpenAI and Advanced Micro Devices have reached a deal that could see Sam Altman 's company take a 10% stake in the chipmaker.

AMD stock skyrocketed more than 35% on Monday during premarket trading following the news.

OpenAI will deploy 6 gigawatts of AMD's Instinct graphics processing units over multiple years and across multiple generations of hardware, the companies said Monday. It will kick off with an initial 1-gigawatt rollout of chips in the second half of 2026.

Tune in at 9:30 a.m. ET as OpenAI President Greg Brockman and AMD CEO Lisa Su join CNBC TV to discuss the chip deal. Watch in real time on CNBC+ or the CNBC Pro stream.

As part of the tie-up, AMD has issued OpenAI a warrant for up to 1

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