Advanced Micro Devices, Inc. (AMD)
AMD Hits Jackpot With OpenAI Deal
AMD secures a multi-year AI chip supply deal with OpenAI, signaling a major breakthrough for the company. The agreement could generate tens of billions in annual revenue for AMD and includes an option for OpenAI to acquire up to 10% of AMD shares. Despite Nvidia's dominance, AMD's potential in the AI chip market is now being recognized, validating my long-held bullish stance.
AMD gets upgrade after 24% surge. ‘We rarely do this,' says chagrinned analyst
It's likely the first of many — analysts at Jefferies upgraded Advanced Micro Devices to a buy, after the chipmaker's stock surged on a pact with ChatGPT maker OpenAI.
OpenAI strikes massive chip deal with AMD to power next-generation AI systems
OpenAI has signed a long-term partnership with US chipmaker AMD to deploy six gigawatts of computing power using AMD's latest Instinct graphics processors, one of the largest AI hardware deals to date. The agreement deepens the companies' collaboration as OpenAI looks to expand its infrastructure to meet soaring global demand for generative AI.
AMD-OpenAI Massive Artificial Intelligence (AI) Deal: What Investors Should Know
On Monday, chipmaker Advanced Micro Devices (AMD 23.61%) announced a huge artificial intelligence (AI) strategic partnership with OpenAI, the AI model developer best known for its ChatGPT chatbot. Not only did this news send shares of AMD up a whopping 23.7%, but it also gave a boost to many other AI stocks and the market in general.
How AMD Came From Behind to Mount a Challenge in the AI Chip Wars
A pivot from videogames to data centers—and a new deal with OpenAI—has the chip designer on the road to a $1 trillion valuation.
AMD Gets Its Oracle Moment; But We're Not Done Yet
Advanced Micro Devices surged 30% after OpenAI announces plans for a 1GW data center using AMD's MI45 chips starting in 2026. The OpenAI deal could be worth up to $300 billion and includes warrants for OpenAI to purchase 160 million AMD shares, potentially 10% of the company. I reiterate a Strong Buy on AMD, projecting accelerated growth to a $1 trillion valuation, with updated data center revenue targets and a 25% CAGR.
AMD & OpenAI ink multibillion-dollar deal: AMD CEO says 'bold moves
AMD and OpenAI announced a multibillion-dollar partnership that will see OpenAI use AMD chips while also taking a stake in the chip giant. AMD CEO Lisa Su speaks with Yahoo Finance Executive Editor Brian Sozzi about the deal and the state of AI spending.
AMD fuels record close for S&P 500 and Nasdaq, experts weigh in on the AI bubble & gold prices
The S&P 500 and Nasdaq closed at fresh record highs, fueled by AMD's gains on a partnership with OpenAI. After the closing bell, Market Domination Overtime anchor Josh Lipton sits down with a top Wall Street strategist to take a look at some of the top stories of the trading day, including the sustainability of the AI trade, the surge in gold prices, and more.
S&P 500 Gains and Losses Today: AMD Stock Pops on OpenAI Deal; AppLovin Plunges
A semiconductor stock logged the top performance in the benchmark index following the announcement of a collaboration with a major artificial intelligence player. Meanwhile, shares of an adtech darling plummeted following reports of a probe by federal regulators.
Brad Gerstner on OpenAI's dealmaking with AMD, Nvidia: 'The best chips will win'
Investor Brad Gerstner said OpenAI's deals with Nvidia and AMD are purely announcements, not deployments. The Altimeter Capital founder said that "Ultimately, the best chips will win.
AMD Up 35%: OpenAI Strikes Again (Rating Downgrade)
Advanced Micro Devices, Inc. surged over 35% after securing a major multi-year GPU partnership with OpenAI, granting OpenAI a 10% stake. The OpenAI deal positions AMD as a formidable AI infrastructure contender, filling supply gaps left by Nvidia and gaining validation from top hyperscalers. While AMD's long-term prospects remain strong, the stock's short-term valuation is stretched, and execution risks warrant measured accumulation on dips.
These Stocks Got a Boost From OpenAI's DevDay Buzz
These days, a shoutout from OpenAI is all it takes to send stocks higher.
