{"id":2329,"date":"2025-10-20T08:46:04","date_gmt":"2025-10-20T08:46:04","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2329"},"modified":"2025-10-20T08:46:04","modified_gmt":"2025-10-20T08:46:04","slug":"amd-a-openai-partnerstvi-ktere-muze-prepsat-dejiny-trhu-s-ai-cipy","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2025\/10\/20\/amd-a-openai-partnerstvi-ktere-muze-prepsat-dejiny-trhu-s-ai-cipy\/","title":{"rendered":"AMD a OpenAI. Partnerstv\u00ed, kter\u00e9 m\u016f\u017ee p\u0159epsat d\u011bjiny trhu s AI \u010dipy"},"content":{"rendered":"\n<p><strong>Finan\u010dn\u00ed trhy za\u017eily 6. \u0159\u00edjna 2025 jeden z nejv\u00fdrazn\u011bj\u0161\u00edch pohyb\u016f posledn\u00edch let. Akcie technologick\u00e9ho giganta AMD prudce pos\u00edlily pot\u00e9, co firma ozn\u00e1mila strategick\u00e9 partnerstv\u00ed s OpenAI, jednou z nejvlivn\u011bj\u0161\u00edch spole\u010dnost\u00ed sv\u011bta v oblasti um\u011bl\u00e9 inteligence (AI). Jedn\u00e1 se o kontrakt, kter\u00fd m\u00e1 potenci\u00e1l z\u00e1sadn\u011b zm\u011bnit konkuren\u010dn\u00ed mapu tohoto pr\u016fmyslu a vyv\u00e9st AMD ze st\u00ednu sv\u00e9ho nejv\u011bt\u0161\u00edho rivala Nvidie.<\/strong><\/p>\n\n\n\n<p><strong>O spole\u010dnosti<\/strong><\/p>\n\n\n\n<p>Advanced Micro Devices (AMD) je americk\u00e1 technologick\u00e1 spole\u010dnost se s\u00eddlem v Santa Cla\u0159e v Kalifornii. Byla zalo\u017eena v roce 1969 a dlouho p\u016fsobila jako \u201emlad\u0161\u00ed bratr\u201c Intelu v oblasti procesor\u016f. V posledn\u00edm desetilet\u00ed v\u0161ak pro\u0161la dramatickou prom\u011bnou. Pod veden\u00edm gener\u00e1ln\u00ed \u0159editelky Lisy Su firma prolomila technick\u00e9 bari\u00e9ry, z\u00edskala tr\u017en\u00ed pod\u00edl v serverech a vybudovala si reputaci inovativn\u00edho hr\u00e1\u010de. Dnes je AMD hlavn\u00edm konkurentem Nvidie v oblasti AI \u010dip\u016f a poskytuje v\u00fdpo\u010detn\u00ed \u0159e\u0161en\u00ed pro nejv\u011bt\u0161\u00ed technologick\u00e9 firmy sv\u011bta. Mezi jej\u00ed klienty pat\u0159\u00ed sedm z deseti glob\u00e1ln\u00edch l\u00eddr\u016f v AI.<\/p>\n\n\n\n<p><strong>Dohoda, kter\u00e1 rozh\u00fdbala trhy<\/strong><\/p>\n\n\n\n<p>AMD ozn\u00e1milo v\u00edcelet\u00e9 partnerstv\u00ed s OpenAI, v jeho\u017e r\u00e1mci dod\u00e1 a\u017e 6 gigawatt\u016f v\u00fdpo\u010detn\u00edho v\u00fdkonu pro budov\u00e1n\u00ed AI infrastruktury. Prvn\u00ed nasazen\u00ed za\u010dne ji\u017e ve druh\u00e9 polovin\u011b roku 2026, kdy OpenAI vyu\u017eije 1 gigawatt v\u00fdkonu prost\u0159ednictv\u00edm nov\u00e9 generace \u010dip\u016f Instinct MI450.<\/p>\n\n\n\n<p>Sou\u010d\u00e1st\u00ed dohody je tak\u00e9 inovativn\u00ed garan\u010dn\u00ed struktura: OpenAI z\u00edskala pr\u00e1va na koupi 160 milion\u016f akci\u00ed AMD za 1 USD za kus, co\u017e p\u0159edstavuje p\u0159ibli\u017en\u011b 10 % spole\u010dnosti. Trhy reagovaly okam\u017eit\u011b \u2013 akcie AMD uzav\u0159ely obchodn\u00ed den na cen\u011b 203,71 USD, co\u017e znamenalo n\u00e1r\u016fst o 23,71 %, nejv\u011bt\u0161\u00ed jednodenn\u00ed r\u016fst za v\u00edce ne\u017e rok.* Tr\u017en\u00ed kapitalizace spole\u010dnosti tak vzrostla o 63,36 miliardy USD na celkov\u00fdch 330,6 miliardy USD. Podle finan\u010dn\u00ed \u0159editelky AMD Jean Hu partnerstv\u00ed vygeneruje v tr\u017eb\u00e1ch des\u00edtky miliard dolar\u016f. Dohoda je strukturov\u00e1na tak, aby v\u00fdrazn\u011b urychlila expanzi AMD v oblasti um\u011bl\u00e9 inteligence.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"605\" height=\"104\" src=\"https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/10\/image-6.png\" alt=\"Obr\u00e1zek zobrazuj\u00edc\u00ed v\u00fdvoj, sn\u00edmek obrazovky\n\nObsah generovan\u00fd um\u011blou inteligenc\u00ed m\u016f\u017ee b\u00fdt nespr\u00e1vn\u00fd.\" class=\"wp-image-2330\" srcset=\"https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/10\/image-6.png 605w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/10\/image-6-300x52.png 300w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/10\/image-6-600x104.png 600w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><figcaption><em>V\u00fdvoj ceny akci\u00ed AMD za posledn\u00edch 5 let. * (Zdroj: tradingview.com)<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p><strong>Na trhu s AI \u010dipy dosud kralovala Nvidia<\/strong><\/p>\n\n\n\n<p>Nvidia v sou\u010dasnosti ovl\u00e1d\u00e1 p\u0159ibli\u017en\u011b 85 a\u017e 92 % trhu AI akceler\u00e1tor\u016f, zat\u00edmco AMD m\u00e1 odhadovan\u00fdch 8\u201314 %. Dohoda s OpenAI je pro AMD nejv\u011bt\u0161\u00edm pr\u016flomem v t\u00e9to oblasti a potvrzuje ji jako re\u00e1lnou alternativu v odv\u011btv\u00ed, kde popt\u00e1vka v\u00fdrazn\u011b p\u0159evy\u0161uje nab\u00eddku. Spolupr\u00e1ce nen\u00ed jen klasickou dohodou o dod\u00e1vk\u00e1ch \u010dip\u016f. Firmy budou spole\u010dn\u011b optimalizovat sv\u00e9 pl\u00e1nov\u00e1n\u00ed t\u00fdkaj\u00edc\u00ed se n\u011bkolika budouc\u00edch generac\u00ed \u010dip\u016f. Partnerstv\u00ed zapad\u00e1 do \u0161ir\u0161\u00ed strategie OpenAI v r\u00e1mci megaprojektu Stargate v hodnot\u011b 500 miliard USD, jeho\u017e c\u00edlem je vybudovat masivn\u00ed AI datov\u00e1 centra po cel\u00fdch USA. Prezident OpenAI Greg Brockman otev\u0159en\u011b hovo\u0159\u00ed o \u201enedostatku v\u00fdpo\u010detn\u00edho v\u00fdkonu\u201c jako o nejv\u011bt\u0161\u00ed provozn\u00ed v\u00fdzv\u011b firmy. Dohoda s AMD dopl\u0148uje existuj\u00edc\u00ed spolupr\u00e1ci s Nvidi\u00ed v hodnot\u011b 100 miliard USD. OpenAI chce i nad\u00e1le navy\u0161ovat n\u00e1kupy od Nvidie, ale z\u00e1rove\u0148 diverzifikuje sv\u00e9 dodavatelsk\u00e9 \u0159et\u011bzce.<a href=\"#_ftn3\">[3]<\/a><\/p>\n\n\n\n<p><strong>Na obzoru je tak\u00e9 spolupr\u00e1ce s Intelem<\/strong><\/p>\n\n\n\n<p>Dohoda AMD s OpenAI nen\u00ed jedinou zpr\u00e1vou, kter\u00e1 zarezonovala technologick\u00fdm odv\u011btv\u00edm. Podle server\u016f Tom\u2019s Hardware a Semafor spole\u010dnost zva\u017euje vyu\u017eit\u00ed Intel Foundry Services (IFS) k v\u00fdrob\u011b \u010d\u00e1sti sv\u00fdch \u010dip\u016f. Ty pro AMD v sou\u010dasnosti vyr\u00e1b\u00ed t\u00e9m\u011b\u0159 v\u00fdhradn\u011b tchajwansk\u00fd gigant TSMC. A\u010dkoli AMD tato jedn\u00e1n\u00ed ofici\u00e1ln\u011b nekomentuje, podle dostupn\u00fdch informac\u00ed se jedn\u00e1 o po\u010d\u00e1te\u010dn\u00ed diskuse, kter\u00e9 by mohly v\u00e9st k historicky bezprecedentn\u00ed spolupr\u00e1ci mezi dlouholet\u00fdmi rivaly. D\u016fvod je pragmatick\u00fd: v\u00fdrobn\u00ed kapacita je dnes jedn\u00edm z nejv\u011bt\u0161\u00edch limit\u016f rozvoje AI trhu. Pokud by se dohoda naplnila, mohla by v\u00fdrazn\u011b urychlit v\u00fdrobu \u010dip\u016f MI450 a dal\u0161\u00edch generac\u00ed, co\u017e by AMD poskytlo dal\u0161\u00ed konkuren\u010dn\u00ed v\u00fdhodu.<a href=\"#_ftn4\">[4]<\/a><\/p>\n\n\n\n<p><strong>Hospod\u00e1\u0159sk\u00e9 v\u00fdsledky<\/strong><\/p>\n\n\n\n<p>Ve druh\u00e9m \u010dtvrtlet\u00ed roku 2025 vyk\u00e1zala AMD podle non-GAAP metodiky (v\u0161eobecn\u00e1 \u00fa\u010detn\u00ed metodika) velmi solidn\u00ed v\u00fdsledky, kter\u00e9 odr\u00e1\u017eej\u00ed jej\u00ed provozn\u00ed s\u00edlu bez jednor\u00e1zov\u00fdch polo\u017eek. Tr\u017eby dos\u00e1hly rekordn\u00edch 7,7 miliardy USD, co\u017e znamenalo meziro\u010dn\u00ed r\u016fst o 32 %. \u010cist\u00fd zisk v\u0161ak meziro\u010dn\u011b klesl o 31 % na 781 milion\u016f USD. Hrub\u00e1 mar\u017ee \u010dinila 43 %, zat\u00edmco upraven\u00fd provozn\u00ed zisk dos\u00e1hl 897 milion\u016f USD. Tyto v\u00fdsledky byly ovlivn\u011bny americk\u00fdmi exportn\u00edmi omezen\u00edmi na \u010dipy MI308, kter\u00e1 p\u0159inesla n\u00e1klady spojen\u00e9 s invent\u00e1\u0159em v hodnot\u011b p\u0159ibli\u017en\u011b 800 milion\u016f USD. Bez t\u011bchto n\u00e1klad\u016f by podle spole\u010dnosti upraven\u00e1 hrub\u00e1 mar\u017ee dos\u00e1hla a\u017e 54 %.<\/p>\n\n\n\n<p><strong>Z\u00e1v\u011br<\/strong><br>AMD t\u00edmto kontraktem nez\u00edskalo pouze v\u00fdznamn\u00fd obchod, ale tak\u00e9 strategickou pozici, kter\u00e1 mu umo\u017e\u0148uje spoluvytv\u00e1\u0159et technologick\u00fd standard n\u00e1sleduj\u00edc\u00ed \u00e9ry. Pro investory je d\u016fle\u017eit\u00e9 vn\u00edmat jej nejen jako kr\u00e1tkodob\u00fd impuls pro cenu akci\u00ed, ale jako za\u010d\u00e1tek hlub\u0161\u00ed zm\u011bny postaven\u00ed firmy v r\u00e1mci AI ekosyst\u00e9mu. Pokud dok\u00e1\u017ee rychle roz\u0161\u00ed\u0159it v\u00fdrobu, dodat \u0161pi\u010dkov\u00fd v\u00fdkon a udr\u017eet finan\u010dn\u00ed discipl\u00ednu, m\u016f\u017ee z\u00edskat trval\u00fd pod\u00edl na jednom z nejlukrativn\u011bj\u0161\u00edch technologick\u00fdch trh\u016f n\u00e1sleduj\u00edc\u00ed dek\u00e1dy. Pokud v\u0161ak tempo ztrat\u00ed, konkurence se rychle chop\u00ed \u0161ance. Trh v nejbli\u017e\u0161\u00edch \u010dtvrtlet\u00edch nebude hodnotit pouze finan\u010dn\u00ed v\u00fdsledky, ale tak\u00e9 schopnost AMD zvl\u00e1dnout novou strategickou roli, do kter\u00e9 vstoupilo. <\/p>\n\n\n\n<p><strong>Adam Austera, analytik <\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/ozios.com\/cs\/\" target=\"_blank\"><strong>Ozios<\/strong><\/a><\/p>\n\n\n\n<p><em>Foto: AdobeStock<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Finan\u010dn\u00ed trhy za\u017eily 6. \u0159\u00edjna 2025 jeden z nejv\u00fdrazn\u011bj\u0161\u00edch pohyb\u016f posledn\u00edch let. Akcie technologick\u00e9ho giganta AMD prudce pos\u00edlily pot\u00e9, co<\/p>\n","protected":false},"author":1,"featured_media":2331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout"},"categories":[58],"tags":[350,399,479,190,432,267],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2329"}],"collection":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/comments?post=2329"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2329\/revisions"}],"predecessor-version":[{"id":2332,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2329\/revisions\/2332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2331"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}