Reported 3 days ago
Advanced Micro Devices (AMD) shares surged 33% in premarket trading following a significant partnership with OpenAI, which includes a landmark GPU deployment agreement potentially allowing OpenAI to acquire up to 10% of AMD. This collaboration aims to deploy 6 gigawatts of AMD Instinct GPUs over several years, significantly boosting AMD's revenue and competitive position against Nvidia in the AI chip market. Analysts currently rate AMD as a 'Moderate Buy', suggesting it could be a strong investment option in the evolving semiconductor landscape.
Source: YAHOO