AMD, OpenAI
Digest more
Advanced Micro Devices secures a major partnership with OpenAI, boosting its AI infrastructure role and growth prospects. Read my analysis of AMD stock.
OpenAI partners with semiconductor giant AMD to utilize next-generation graphics processing units for powering AI advancements.
OpenAI signed a deal in May to build out a one-gigawatt data center complex in the United Arab Emirates, a deal that was brokered by the Trump administration. Oracle, Nvidia, Softbank, Cisco and G42, a royals-backed Emirati AI company, are set to back the project.
Advanced Micro Devices surges 30% on OpenAI news, but weak margins and tough competition signal overvaluation. Learn more about AMD stock here.
Advanced Micro propelled to a new all-time high on Monday, as investors cheered a chip supply deal with OpenAI, which could deliver the former billion-dollar revenues and lure a 10-percent investment