Reported 2 days ago
AMD's shares skyrocketed by over 23% after the company revealed a multibillion-dollar deal with OpenAI, which includes providing more than 6 gigawatts of GPUs over several generations. OpenAI will also acquire a stake in AMD, representing 10% of the company, as part of the agreement, signaling a promising future for both companies amid growing concerns about an AI investment bubble.
Source: YAHOO