US Stock Movement | AMD Rises Nearly 5% After Major Partnership with OpenAI
On Wednesday, AMD rose nearly 5%, closing at $221.94. In terms of news, on October 6, AMD and OpenAI announced a four-year chip supply agreement worth billions of dollars. According to the agreement, OpenAI will deploy a total of 6 gigawatts (GW) of AMD GPU computing power over the next few years. To further deepen the partnership, OpenAI will purchase AMD shares, potentially up to 10%. This collaboration reshapes the competitive landscape of the AI chip market. In the AI accelerator market, where NVIDIA holds an absolute dominant position, AMD has finally gained recognition from a top client, while OpenAI, through this strategic layout, has built a more diversified computing power foundation for its grand AGI vision
According to Zhitong Finance APP, on Wednesday, AMD (AMD.US) rose nearly 5%, closing at $221.94. In terms of news, on October 6, AMD announced a four-year chip supply agreement worth billions of dollars with OpenAI. According to the agreement, OpenAI will deploy a total of 6 gigawatts (GW) of AMD GPU computing power over the next few years. To further deepen the partnership, OpenAI will purchase AMD shares, with the proportion potentially reaching 10%.
This collaboration reshapes the competitive landscape of the AI chip market. In the AI accelerator market, where NVIDIA holds an absolute dominant position, AMD has finally gained recognition from a top client, while OpenAI, through this strategic layout, has built a more diversified computing power foundation for its grand AGI vision
