AMD Has Promised OpenAI and Meta Up to 320 Million Shares for a Penny Each. Here's What That Does to the Share Count.

AMD Has Promised OpenAI and Meta Up to 320 Million Shares for a Penny Each. Here's What That Does to the Share Count.

How much of the chipmaker might two of its big customers wind up owning?

AMD has promised OpenAI and Meta up to 320 million shares at a penny each

AMD promised OpenAI and Meta up to 320 million shares at $0.01 each, tied to GPU purchases. Full exercise would lift share count by about 19.6%.

AMD stock closes at a record $633.91 as its Nvidia challenge gets real

OpenAI holds warrants for 160 million AMD shares tied to a 6-gigawatt MI450 deployment, while Oracle commits to 50,000 of the same GPUs starting Q3 2026, the contracts actually behind AMD's rally.