As OpenAI Diversifies Beyond Nvidia, AMD Stock May Have Just Gained a Massive Catalyst
OpenAI’s deal will be worth “tens of billions” to AMD, management says.
Advanced Micro Devices (AMD 23.61%) stock was up more than 25% in early trading on Monday after the semiconductor company announced a massive deal with ChatGPT owner OpenAI.
AMD stock jumps on OpenAI deal as Big Tech seeks to reduce reliance on Nvidia
AMD announced a long-term partnership with OpenAI on Monday that will make it one of the startup’s key chip suppliers for running its AI models.
» Read more about: AMD stock jumps on OpenAI deal as Big Tech seeks to reduce reliance on Nvidia »
Read MoreAMD stock soars on news of chip supply deal with ChatGPT operator OpenAI
OpenAI, the operator of ChatGPT, and AMD have entered a new partnership to create new data centers powered by AMD’s chips.
The AI arms race turned a new page Monday as chipmaker Advanced Micro Devices Inc.
» Read more about: AMD stock soars on news of chip supply deal with ChatGPT operator OpenAI »
Read MoreThis Artificial Intelligence (AI) Stock Is Quietly Outperforming Nvidia in 2025
This company is essential to the success of Nvidia and nearly every other major chipmaker.
Nvidia is arguably the king of Wall Street these days. As the maker of high-performing graphics processing units (GPUs) that power artificial intelligence (AI) programs and large language models, Nvidia’s stock price exploded in the last three years,
» Read more about: This Artificial Intelligence (AI) Stock Is Quietly Outperforming Nvidia in 2025 »
Read More'60 Minutes' segment compares Trump economy to 1929 stock crash, claims CEOs too 'nervous' to speak out
NEWYou can now listen to Fox News articles!
A segment on CBS’ “60 Minutes” Sunday night suggested record-high stock market levels under President Donald Trump could be a precursor to another crash similar to 1929.
Host Lesley Stahl spoke with CNBC’s Andrew Ross Sorkin about his upcoming book “
Read MoreThe Burst
The Dirty Secret of 1929 Reveals Grim Future
It’s easy to get lost in the financial weeds. What should you focus on? Growing revenues, technical breakdowns, sentiment extremes? The list is endless and every day the noise amplifies. Before you know it, you’ll be paying attention to excess inventories at retailers and trying to correlate it to seasonal sales cycles. But how does all that help you make money?
» Read more about: The Dirty Secret of 1929 Reveals Grim Future »
Read MoreThe Ivy
Market Commentary: What Chipotle’s Bold Move Means For You
Chipotle has managed to do what few food companies ever achieve, keep prices low, win over customers with taste, and maintain high quality offerings. But recently one of those three ingredients was forsaken because the company hiked prices to combat inflation, which has a knock-on effect not only to you and me but to the broader economy.
» Read more about: Market Commentary: What Chipotle’s Bold Move Means For You »
Read More