The companies each kind of event would reach, up to two steps away, along sourced relationships only. This is a map of connections, not a forecast: how much each company would feel is unknown unless a source states it.

What if AMD spends less?

Companies that sell to it (its suppliers and infrastructure providers), then the companies those sellers buy from.

TSMC · directly, materiality unknownTSMC depends on sales to AMD.

What if AMD raises less money or its value falls?

Its investors, holders and guarantors, plus the companies that sell to it (a company that raises less tends to buy less), then their suppliers.

Meta Platforms · directly, materiality unknownMeta Platforms is exposed to the value or credit of AMD.
OpenAI · directly, materiality unknownOpenAI is exposed to the value or credit of AMD.
TSMC · directly, materiality unknownTSMC depends on sales to AMD.
CoreWeave · two steps away, a source describes it, no figureOpenAI is exposed to the value or credit of AMD; then CoreWeave depends on sales to OpenAI. Or: Meta Platforms is exposed to the value or credit of AMD; then CoreWeave depends on sales to Meta Platforms.
Microsoft · two steps away, a source states a figureOpenAI is exposed to the value or credit of AMD; then Microsoft depends on sales to OpenAI.
Amazon · two steps away, materiality unknownOpenAI is exposed to the value or credit of AMD; then Amazon depends on sales to OpenAI.
Broadcom · two steps away, materiality unknownOpenAI is exposed to the value or credit of AMD; then Broadcom depends on sales to OpenAI.
NVIDIA · two steps away, materiality unknownOpenAI is exposed to the value or credit of AMD; then NVIDIA depends on sales to OpenAI.
Oracle · two steps away, materiality unknownOpenAI is exposed to the value or credit of AMD; then Oracle depends on sales to OpenAI.
SB Energy · two steps away, materiality unknownOpenAI is exposed to the value or credit of AMD; then SB Energy depends on sales to OpenAI.

What if AMD cannot deliver?

Companies that buy chips, parts or capacity from it, then their own customers.

Meta Platforms · directly, materiality unknownMeta Platforms depends on chips or parts from AMD.
OpenAI · directly, materiality unknownOpenAI depends on chips or parts from AMD.

What if AMD's shares or stake lose value?

Holders of its shares, warrants or notes and guarantors of its obligations, then their holders.

Meta Platforms · directly, materiality unknownMeta Platforms is exposed to the value or credit of AMD.
OpenAI · directly, materiality unknownOpenAI is exposed to the value or credit of AMD.
Microsoft · two steps away, a source states a figureOpenAI is exposed to the value or credit of AMD; then Microsoft is exposed to the value or credit of OpenAI.
NVIDIA · two steps away, a source describes it, no figureOpenAI is exposed to the value or credit of AMD; then NVIDIA is exposed to the value or credit of OpenAI.
Amazon · two steps away, materiality unknownOpenAI is exposed to the value or credit of AMD; then Amazon is exposed to the value or credit of OpenAI.
SoftBank Group · two steps away, materiality unknownOpenAI is exposed to the value or credit of AMD; then SoftBank Group is exposed to the value or credit of OpenAI.

Filings

AMD’s filings and its partners’

Company

Oct 22, 2026, 06:02 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Oct 21, 2026, 20:00 ETMeta Platforms filed a quarterly report (10-Q). Filing on SEC.govConnected:AMD CoreWeave
Oct 21, 2026, 16:03 ETMeta Platforms filed a current report (8-K): material agreement (Item 1.01), results of operations (Item 2.02), other events (Item 8.01). Filing on SEC.govConnected:AMD CoreWeave
Oct 15, 2026, 06:40 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Oct 8, 2026, 06:12 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Sep 28, 2026, 16:16 ETAMD filed a current report (8-K): unregistered sale of shares (Item 3.02). Filing on SEC.govConnected:OpenAI Meta Platforms TSMC
Sep 24, 2026, 06:02 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Sep 10, 2026, 06:15 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Sep 1, 2026, 06:07 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Aug 25, 2026, 06:17 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Aug 19, 2026, 16:16 ETAMD filed a current report (8-K): officer or director change (Item 5.02). Filing on SEC.govConnected:OpenAI Meta Platforms TSMC
Aug 17, 2026, 16:05 ETAMD filed a current report (8-K): material agreement (Item 1.01), new financial obligation (Item 2.03). Filing on SEC.govConnected:OpenAI Meta Platforms TSMC
Aug 14, 2026, 06:02 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Aug 11, 2026, 08:25 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom

Evidence

Every relationship of AMD

OpenAI holds a warrant for up to 160 million AMD sharesOpenAI · AMD · Oct 6, 2025

Investment: warrant (unvested equity)ActiveFiled with the SEC

AMD issued OpenAI a warrant at $0.01 a share that vests only as OpenAI buys AMD GPUs and AMD’s share price reaches targets. None had vested by June 27, 2026.

Investment exposure: OpenAI is exposed to the value or credit of AMD.
AMD granted OpenAI a warrant on its shares: no cash moves until it is exercised.

First verified evidence: Oct 6, 2025
Latest evidence: Aug 5, 2026

What the sources say

A warrant for up to 160 million AMD shares, vesting as specific milestones are achieved.
“As part of the agreement, to further align strategic interests, AMD has issued OpenAI a warrant for up to 160 million shares of AMD common stock, structured to vest as specific milestones are achieved.”
AMD and OpenAI (SEC filing exhibit), 8-K EX-99.1, Oct 6, 2025excerpt re-checked Oct 18, 2026
Exercise price $0.01 a share; vesting tied to GPU purchase milestones and AMD stock-price targets.
“In October 2025 and February 2026, the Company issued warrants to OpenAI OpCo, LLC (OpenAI) and Meta Platforms, Inc. (Meta), each entitling the holder the right to purchase up to 160 million shares of the Company’s common stock at an exercise price of $0.01 per share”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026
No warrant shares had vested by June 27, 2026.
“As of June 27, 2026, no warrant shares had vested or become exercisable”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

How much it matters

To OpenAI: Unknown Unvested; no source states its value to OpenAI.
To AMD: Described, no figure No vested shares and no effect on AMD’s financial statements through June 27, 2026.
“the warrants had no impact on the Condensed Consolidated Financial Statements for the three and six months ended June 27, 2026”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

Meta holds a warrant for up to 160 million AMD sharesMeta Platforms · AMD · Feb 2026

Investment: warrant (unvested equity)ActiveFiled with the SEC

AMD issued Meta the same kind of warrant as OpenAI’s in February 2026, vesting with Meta’s GPU purchases. None had vested by June 27, 2026.

Investment exposure: Meta Platforms is exposed to the value or credit of AMD.
AMD granted Meta Platforms a warrant on its shares: no cash moves until it is exercised.

First verified evidence: Feb 2026
Latest evidence: Aug 5, 2026

What the sources say

Exercise price $0.01 a share; vesting tied to GPU purchase milestones and AMD stock-price targets.
“In October 2025 and February 2026, the Company issued warrants to OpenAI OpCo, LLC (OpenAI) and Meta Platforms, Inc. (Meta), each entitling the holder the right to purchase up to 160 million shares of the Company’s common stock at an exercise price of $0.01 per share”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026
No warrant shares had vested by June 27, 2026.
“As of June 27, 2026, no warrant shares had vested or become exercisable”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Meta Platforms: Unknown Unvested; no source states its value to Meta.
To AMD: Described, no figure No vested shares and no effect on AMD’s financial statements through June 27, 2026.
“the warrants had no impact on the Condensed Consolidated Financial Statements for the three and six months ended June 27, 2026”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

OpenAI agreed to deploy 6 gigawatts of AMD GPUsAMD · OpenAI · Oct 6, 2025

SupplierCommitted (future delivery)Filed with the SEC

A definitive multi-generation agreement; the first gigawatt of AMD Instinct MI450 GPUs is due from the second half of 2026. AMD expects tens of billions of dollars of revenue from it.

Supplier dependence: OpenAI depends on chips or parts from AMD.
Customer dependence: AMD depends on sales to OpenAI.
OpenAI pays AMD for chips or parts.

First verified evidence: Oct 6, 2025
Latest evidence: Oct 6, 2025

What the sources say

A 6 gigawatt agreement across multiple generations of AMD Instinct GPUs.
“AMD (NASDAQ: AMD) and OpenAI today announced a 6 gigawatt agreement to power OpenAI’s next-generation AI infrastructure across multiple generations of AMD Instinct GPUs.”
AMD and OpenAI (SEC filing exhibit), 8-K EX-99.1, Oct 6, 2025excerpt re-checked Oct 18, 2026
The first 1 gigawatt of MI450 GPUs is set to begin in the second half of 2026.
“The first 1 gigawatt deployment of AMD Instinct MI450 GPUs is set to begin in the second half of 2026.”
AMD and OpenAI (SEC filing exhibit), 8-K EX-99.1, Oct 6, 2025excerpt re-checked Oct 18, 2026

How much it matters

To AMD: Company expectation AMD’s CFO expects the partnership to deliver tens of billions of dollars of revenue (an expectation, not a result).
“Our partnership with OpenAI is expected to deliver tens of billions of dollars in revenue for AMD”
AMD and OpenAI (SEC filing exhibit), 8-K EX-99.1, Oct 6, 2025excerpt re-checked Oct 18, 2026
To OpenAI: Unknown OpenAI is private; no source states what share of its chips come from AMD.

Meta intends to deploy up to 6 gigawatts of AMD GPUsAMD · Meta Platforms · Feb 2026

SupplierCommitted (future delivery)Filed with the SEC

A multi-year agreement signed in February 2026, the first gigawatt on AMD Instinct MI450.

Supplier dependence: Meta Platforms depends on chips or parts from AMD.
Customer dependence: AMD depends on sales to Meta Platforms.
Meta Platforms pays AMD for chips or parts.

First verified evidence: Feb 2026
Latest evidence: Aug 5, 2026

What the sources say

Each of OpenAI and Meta intends to deploy up to 6 gigawatts of AMD data-center GPUs.
“under which each customer intends to deploy up to 6 gigawatts of AMD data center GPUs, with the first gigawatt of each deployment powered by our AMD Instinct MI450 series products.”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

How much it matters

To AMD: Unknown No share of revenue is stated.
To Meta Platforms: Unknown Not stated.

AMD relies on TSMC for all its leading-edge wafersTSMC · AMD · Feb 4, 2026

SupplierActiveFiled with the SEC

All AMD microprocessor and GPU wafers at 7 nanometers or smaller come from TSMC.

Supplier dependence: AMD depends on chips or parts from TSMC.
Customer dependence: TSMC depends on sales to AMD.
AMD pays TSMC for chips or parts.

First verified evidence: Feb 4, 2026
Latest evidence: Feb 4, 2026

What the sources say

TSMC produces all wafers for AMD’s microprocessors and GPUs at 7 nm or smaller.
“We rely on Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the production of all wafers for microprocessor and GPU products at 7 nanometer (nm) or smaller nodes”
AMD (SEC filing), 10-K, Feb 4, 2026excerpt re-checked Oct 18, 2026

How much it matters

To TSMC: Unknown Not stated in the sources reviewed.
To AMD: Disclosed All of AMD’s microprocessor and GPU wafers at 7 nm or smaller.
“for the production of all wafers for microprocessor and GPU products at 7 nanometer (nm) or smaller nodes”
AMD (SEC filing), 10-K, Feb 4, 2026excerpt re-checked Oct 18, 2026

Catalog BESTIES-v1, reviewed Oct 18, 2026. Paper research only, not investment advice. Method and sources

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