Advanced Micro Devices (AMD) saw its stock skyrocket more than 20% in premarket trading on Monday, October 6, 2025, following a landmark partnership announcement with OpenAI. The multi-year agreement will see OpenAI deploy up to 6 gigawatts of AMD’s Instinct GPUs, with the AI company potentially acquiring up to 10% ownership in the chipmaker. This deal positions AMD as a key partner in powering the next generation of AI infrastructure alongside industry leader Nvidia. 52-week highs for AMD were surpassed during this surge driven by OpenAI’s reliance on AMD for its AI operations, marking a significant shift in the competitive landscape within the field of artificial intelligence. The deal represents one of the largest GPU deployments in the industry, driving optimism within AMD and the wider semiconductor sector as a whole.