[doodlebugging]

>Existing AMD shareholders are getting a great deal; their shares are worth 30% more today and will be worth 5X more if OpenAI gets to use their option. Yes, there is some dilution for existing shareholders, but only after a 5X gain.

So if I read this right then an existing shareholder benefits up to the point where AMD stock reaches the $600/shr level and after that it becomes a dilution.

For the maximum benefit to existing shareholders, the stock price must get near $600/shr and if that looks unlikely they should consider other investments on less speculative terms. This whole AI thing feels like I'm watching the soapy fluid flow along the bubble exterior to form a droplet of soap on the bottom, thinning and weakening the bubble until it pops due to fluid film rupture at the top of the bubble as the droplet leaks away due to gravity.