AMD Shares Surge 34% Following Strategic AI Partnership with OpenAI
TL;DR Summary
AMD's stock surged 28% after announcing a long-term partnership with OpenAI to supply AI chips, marking a significant move to diversify AI infrastructure away from Nvidia and potentially generating billions in revenue. OpenAI aims to broaden its chip supply chain, using AMD's next-gen GPUs from 2026, and has granted AMD a performance-based stake, signaling a strategic shift in AI hardware sourcing.
- AMD stock soars after striking a landmark deal with OpenAI—part of Sam Altman’s bid to loosen Nvidia’s grip on AI Fortune
- OpenAI, AMD Announce Massive Computing Deal, Marking New Phase of AI Boom The Wall Street Journal
- Stock market today: Dow falls, S&P 500 and Nasdaq rise as AMD surges on OpenAI deal, shutdown drags on Yahoo Finance
- AMD and OpenAI announce strategic partnership to deploy 6 gigawatts of AMD GPUs OpenAI
- AMD signs AI chip-supply deal with OpenAI, shares surge over 34% Reuters
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