OpenAI and AMD reached a deal on Monday, with OpenAI committing to purchase 6 gigawatts worth of chips over multiple years.

The two companies will deploy six gigawatts of GPU capacity beginning next year, the latest effort to build out data center infrastructure.

AMD’s AI chip deal with OpenAI boosts growth prospects, but shares are overbought. Read here for an investment analysis of AMD stock.

This ETF is in focus as AMD's $100B OpenAI deal and Intel talks fuel fresh AI optimism, making it a top play in the semiconductor supercycle.

OpenAI signed a deal in May to build out a one-gigawatt data center complex in the United Arab Emirates, a deal that was brokered by the Trump administration. Oracle, Nvidia, Softbank, Cisco and G42, a royals-backed Emirati AI company, are set to back the project.

OpenAI is committing to buying several generations of AI chips from AMD, in a long-term deal that could see it take a stake in the Nvidia rival.

AMD will supply up to 6 gigawatts of AI GPUs to OpenAI, with the first deployment scheduled for late next year. OpenAI has received a warrant to buy up to 160 million shares of AMD as part of the deal.

OpenAI partners with semiconductor giant AMD to utilize next-generation graphics processing units for powering AI advancements.

OpenAI's (OPAI.PVT) valuation has soared to $500 billion, according to The Wall Street Journal and other sources, replacing Elon Musk's SpaceX (SPAX.PVT) as the most valuable startup. This bullish artificial intelligence (AI) news is sending stocks like Samsung (005930.