AMD Stock Soars 30% Following OpenAI Partnership, Signaling AI Computing Boom

AMD's stock surged by 30% after a multiyear deal with OpenAI for six gigawatts of GPU capacity, marking a pivotal moment in the tech industry. This partnership is expected to generate significant revenue and intensify competition with Nvidia in the AI chip market. The agreement reflects the increasing demand for advanced computing power, particularly in AI and cryptocurrency sectors, indicating a positive outlook for investors and the future of technology.