Nvidia CEO SHOCKED by AMD’s 10% OpenAI Deal! Why This Changes EVERYTHING Now!
Could giving away 10% of your company before building a product be a stroke of genius or a desperate gamble? Nvidia CEO Jensen Huang was reportedly "surprised" by Advanced Micro Devices' recent agreement to grant OpenAI warrants for a substantial 10% ownership stake. This multibillion-dollar partnership involves OpenAI committing to purchase 6 gigawatts of AMD chips, including the forthcoming MI450 series, with vesting based on deployment and AMD's share price. Interestingly, AMD shares have soared a staggering 35% this week following the announcement, signaling market approval despite Huang's skepticism. To uncover more unexpected deals and market reactions that are shaking up the tech world, make sure to subscribe to our channel!
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