Advanced Micro Devices, Inc. (AMD)
AMD shares soar 27% on OpenAI chip deal that could give Altman's firm a 10% stake
Shares in AMD soared 27% Monday morning, adding nearly $80 billion to the firm's market cap as investors cheered the firm's addition as one of OpenAI's key computing partners.
AMD stock soars as OpenAI bets big on its chips
The AI arms race turned a new page on Monday, as OpenAI and chipmaker Advanced Micro Devices (AMD) announced that the two have agreed to a new partnership to create new data centers powered by AMD's chips. The deal could also see OpenAI take a roughly 10% stake in AMD.
This Is Why Advanced Micro Devices (NASDAQ: AMD) Is up 26% Today
“We delivered strong revenue growth in the second quarter, led by record server and PC processor sales,” said Dr.
OpenAI's deal with AMD proves AI race has just begun
The massive deal could mark a major turning point in the AI chip race. Transcript: Caroline Woods: Joining me now, Daniel Newman, CEO of the Futurum Group.
Machine learning algorithm predicts AMD stock price on October 31, 2025
Advanced Micro Devices (NASDAQ: AMD) exploded on Monday, October 6, after the company announced a new partnership with OpenAI.
Advanced Micro Devices Stock Soars on OpenAI Stake
Advanced Micro Devices Inc (NASDAQ:AMD) stock is up a whopping 26.6% to trade at $208.54 at last glance, amid news that OpenAI will take a 10% stake in the chipmaker.
AMD Shares Surge 30% After Multibillion-Dollar Deal With OpenAI
Shares of AMD increased by more than 30% to around $215 after trading opened Monday, pacing what would be the stock's largest single-day gain since April 2016. AMD headlined a broader rally by the tech-heavy Nasdaq, which ticked up by 0.3%, with rises among Micron (6%), Palantir (4.9%), Intel (4%) and Tesla, whose shares rose 3% after the automaker released teaser footage of what appeared to be a new model.
AMD to supply 6GW of compute capacity to OpenAI in chip deal worth tens of billions
AMD has signed a multi-year chip supply deal with OpenAI that could generate tens of billions in revenue for the chipmaker, helping accelerate its momentum in the AI industry.
AMD announces major partnership with OpenAI for AI computing infrastructure
AMD stock jumps 35% following announcement of major deal to supply 6 gigawatts of computing power through graphics processing units for OpenAI.
AMD surges as OpenAI takes stake as part of AI chip supply deal
Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) shares surged 24% in premarket trading after the chipmaker agreed a deal with OpenAI, where the company behind ChatGPT will buy 160 million of its shares. OpenAI has agreed to deploy up to 6 gigawatts of AMD's AI chips as part of a multi-year partnership aimed at powering its next-generation of infrastructure, the companies said on Monday.
AMD Shares Surge 24% After Announcing Multibillion-Dollar Deal OpenAI
This is a developing story.
AMD stock soars 25% as OpenAI unveils $100 billion GPU deal
Advanced Micro Devices (NASDAQ: AMD) shares erupted higher in pre-market on Monday after OpenAI confirmed a multi-gigawatt GPU supply deal that could generate over $100 billion in revenue for the chipmaker in just the next four years.
