AMD Shares Jump More than 30% After AI Chip Deal with OpenAI

Advanced Micro Devices has entered into a substantial multi-year agreement to supply artificial intelligence processors to OpenAI, a deal projected to generate tens of billions of dollars in annual revenue while providing the company behind ChatGPT with an option to acquire approximately 10% ownership in the semiconductor manufacturer. The announcement triggered a remarkable market response … Continue reading AMD Shares Jump More than 30% After AI Chip Deal with OpenAI