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Late last year and earlier this year, AMD struck deals with Meta and OpenAI to provide them with performance-based warra…

SemiAnalysis Twitter · SemiAnalysis (@SemiAnalysis_) · 2026-08-03

SemiAnalysis reveals that AMD struck performance-based warrant deals with Meta and OpenAI tied to the purchase and deployment of up to 6 gigawatts of AMD Instinct GPUs, with warrant vesting dependent on AMD's share price crossing hurdles stepping up to $600.

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Topics: amd-gpu-dealsai-infrastructure-financestock-warrants

Claims

  • AMD struck performance-based warrant deals with Meta and OpenAI in late 2025 and early 2026.
  • The warrants vest based on the purchase and deployment of up to 6 GW of AMD Instinct GPUs.
  • Vesting is contingent on AMD's share price crossing various price hurdles stepping up to $600.

Key quotes

AMD struck deals with Meta and OpenAI to provide them with performance-based warrants that vest based on the purchase and deployment of up to 6 GW of AMD Instinct GPUs – with vesting also dependent on AMD's share price crossing various hurdles stepping up to $600.