AMD stock skyrockets 35% on OpenAI chip deal, Nvidia slips into the red
Shares of Advanced Micro Devices (AMD) soared about 35% on Monday after announcing a multi-year partnership with OpenAI to develop AI data centres.
The deal permits California-based OpenAI to diversify its supply of semiconductors so that it does not depend solely on US powerhouse Nvidia. Nvidia shares dipped 1.2%.
