AMD shares soar 27% on OpenAI chip deal that could give Altman’s firm a 10% stake
PositiveU.S News

AMD's shares surged by 27% after the announcement of a partnership with OpenAI, which could potentially grant OpenAI a 10% stake in AMD. This significant increase in stock value, adding nearly $80 billion to AMD's market cap, reflects strong investor confidence in the collaboration. The deal highlights the growing importance of advanced computing in AI development and positions AMD as a key player in the tech industry.
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