AMD's AI megadeals with OpenAI and Meta just cost it $1.1 billion: Chart of the Day

What happened: AMD booked a $1.1 billion charge tied to warrants that let OpenAI and Meta buy up to 320 million AMD shares for a penny apiece, as it began shipping its new MI450 chips. Key numbers: Charge of $1.1 billion, or $0.66 per Why it matters: CFO Jean Hu said the charge mostly reflected the share price increase and changes in the estimated probability of meeting warrant conditions, and she expects it to grow as the agreement progresses. She said the charges will not affect non-GAAP results or free cash flow. CEO Lisa Su said AMD now expects revenue to grow more than 80% in 2027. Market: +3.6% today ($483.90), +116.5% YTD, 1.6x vol — as of 14:00 UTC Verified: Q3_2026 (Nov 3) EPS $2.09 vs $1.94 est, +7.5% beat; next print ~Feb 2 Coverage: 3 outlets in 24h

AMD booked a $1.1 billion charge tied to warrants that let OpenAI and Meta buy up to 320 million AMD shares for a penny apiece, as it began shipping its new MI450 chips.

CFO Jean Hu said the charge mostly reflected the share price increase and changes in the estimated probability of meeting warrant conditions, and she expects it to grow as the agreement progresses. She said the charges will not affect non-GAAP results or free cash flow. CEO Lisa Su said AMD now expects revenue to grow more than 80% in 2027. Market: +3.6% today ($483.90), +116.5% YTD, 1.6x vol — as of 14:00 UTC Verified: Q3_2026 (Nov 3) EPS $2.09 vs $1.94 est, +7.5% beat; next print ~Feb 2