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OpenAI and Advanced Micro Devices have reached a deal that could see Sam Altman 's company take a 10% stake in the chipmaker.

AMD stock skyrocketed more than 30% on Monday following the news.

OpenAI will deploy 6 gigawatts of AMD's Instinct graphics processing units over multiple years and across multiple generations of hardware, the companies said Monday. It will kick off with an initial 1-gigawatt rollout of chips in the second half of 2026.

"We have to do this," OpenAI President Greg Brockman told CNBC's "Squawk on the Street." "This is so core to our mission if we really want to be able to scale to reach all of humanity, this is what we have to do."

Brockman added that the company is already unabl

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