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AMD Shares Jump 25% as OpenAI Strikes Landmark AI Chip Deal

AMD
International Business Times Fews App News Provider
Fews App Post Time há 14h

Reuters Shares of chipmaker Advanced Micro Devices (AMD) soared over 25% on Monday after OpenAI announced a multi-year partnership that could see it take up to a 10% stake in the company. Under the agreement, OpenAI will deploy up to 6 gigawatts of AMD's Instinct GPUs over several years, starting with a 1 GW rollout in 2026. The deal, one of the largest in the AI hardware space, positions AMD as a key supplier for OpenAI's expanding infrastructure needs.

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