AMD (AMD) Could Issue 320 Million Shares at a Penny. Here is What Has to Happen First

Advanced Micro Devices, Inc. (NASDAQ:AMD) has granted OpenAI and Meta warrants over as many as 160 million shares each, at an exercise price of one cent, with the terms disclosed in the company's filings. The stock traded at around $656 on October 6, 198.69% higher over twelve months. Three hundred and twenty million shares for $3.2 million is the kind of number that needs its conditions read before it means anything. READ ALSO: Marvell vs. Broadcom: Which Custom AI Chip Stock Has More Room to Run?AMD (AMD) Could Issue 320 Million Shares at a Penny. Here is What Has to Happen First The Shares Only Arrive If the Chips Do: A warrant is not a share until it vests, and these vest against deliveries.