AMD's shares have seen a significant surge following a new deal to supply AI chips to OpenAI, the company behind ChatGPT. This partnership not only boosts AMD's market position but also allows OpenAI the option to purchase up to 10 percent of AMD, indicating a strong mutual interest in advancing AI technology. This development is crucial as it highlights the growing demand for AI capabilities and the strategic alliances forming in the tech industry.

OpenAI has signed a multibillion-dollar deal with AMD, allowing the AI company to purchase a 10% stake in the chipmaker. This partnership is significant as it not only strengthens OpenAI's position in the tech industry but also enhances AMD's role in the AI space, potentially leading to advancements in AI technology and hardware integration.