Wall Street surged to new heights as the Dow Jones Industrial Average climbed 0.6% to record levels, fueled by AMD’s 8% jump following CEO Lisa Su’s $1 trillion AI market forecast and renewed optimism about ending the government shutdown. Financial stocks led the charge with Goldman Sachs, JPMorgan, and American Express hitting intraday records, while technology gains extended across the sector as investors balanced AI enthusiasm with political developments in Washington.
about US Stocks Hit Records on AI Optimism, Reopening HopesLisa Su
0 posts last weekAMD & OpenAI Forge AI Deal Worth Billions
AMD and OpenAI have announced a transformative partnership to develop AI infrastructure that could generate tens of billions in new revenue for the chipmaker. The strategic alliance, revealed by AMD CEO Lisa Su and OpenAI President Greg Brockman during a Bloomberg Tech interview, underscores the critical role of specialized hardware in the accelerating artificial intelligence race, while White House officials and industry leaders weigh in on the broader implications for global competition and digital advertising.
about AMD & OpenAI Forge AI Deal Worth BillionsOpenAI’s AMD Deal: 6GW GPU Pact With Stock Option
OpenAI has secured a massive 6-gigawatt GPU supply agreement with AMD, marking its boldest move yet to hedge against Nvidia’s market dominance. The deal includes an option for OpenAI to acquire up to 160 million AMD shares—roughly 10% of the company—while AMD commits to delivering its next-generation Instinct MI450 chips starting in late 2026. Wall Street immediately cheered the news, sending AMD shares soaring while Nvidia slipped, signaling a potential shift in the AI chip landscape.
about OpenAI's AMD Deal: 6GW GPU Pact With Stock OptionAMD Soars 25% on OpenAI AI Chip Partnership Deal
Advanced Micro Devices shares surged 25% to $207.44 following the announcement of a landmark partnership with OpenAI, positioning the chipmaker as a key supplier for OpenAI’s AI infrastructure program. The deal sparked massive trading volume of 136.4 million shares—more than double the daily average—and prompted Barclays analysts to raise their price target by $100 to $300, signaling strong confidence in AMD’s AI capabilities and future revenue potential.
about AMD Soars 25% on OpenAI AI Chip Partnership DealChallenges Facing AMD Amidst Nvidia’s Dominance in the Chip Market
AMD’s stock price fell 17% in 2024, contrasting sharply with Nvidia’s 171% rise, despite AMD’s strong earnings and innovation. Analysts highlight that AMD is perceived to be lagging in the AI race, with major cloud players favoring custom chips from competitors like Marvell and Broadcom.
about Challenges Facing AMD Amidst Nvidia's Dominance in the Chip Market