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AMD Has Promised OpenAI and Meta Up to 320 Million Shares for a Penny Each. Here's What That Does to the Share Count.
Source: Nasdaq
Artificial IntelligenceTechnology & InnovationCompany Fundamentals
AMD granted OpenAI and Meta warrants for up to 160 million shares each at $0.01 per share. The warrants vest as each company buys up to 6 gigawatts of AMD AI chips, linking potential share issuance to chip purchases.
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