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Barchart
Barchart
Patrick Sanders

1 Unexpected ETF to Buy Now If You Want to Play the OpenAI Rally in AMD Stock

AMD OpenAI ETF Nvidia Video Game

OpenAI’s new deal with Advanced Micro Devices (AMD) looks to be a game-changing event for the semiconductor company. Long living in the shadow of its mammoth competitor, Nvidia (NVDA), AMD got a shot in the arm on Monday when the company announced a deal to outfit generations of OpenAI infrastructure with AMD’s graphics processing units (GPUs).

The deal calls for OpenAI, the maker of ChatGPT, to purchase 6 gigawatts of GPUs, starting with 1 GW of AMD Instinct MI450 GPUs to begin in the second half of 2026. AMD is opening a warrant for OpenAI to purchase up to 160 million shares of AMD common stock, with the warrant vesting as specific milestones are reached. 

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