Reported 2 days ago
Advanced Micro Devices (AMD) has announced a new partnership with OpenAI, resulting in a significant surge in AMD's stock prices and a potential competitive edge against Nvidia. OpenAI will acquire up to a 10% stake in AMD, which fuels discussions about ongoing investments in AI and whether the sector is nearing a bubble. Experts believe there is still strong interest in AI, driven by favorable economic conditions, despite caution about future earnings growth.
Source: YAHOO