Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
AMD stock soars 28% on OpenAI chip partnership deal
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 64439, member: 636"] Advanced Micro Devices shares jumped 28 percent on Monday after the company announced a partnership with OpenAI to supply graphics processing units needed for artificial intelligence operations. The multi-year agreement includes delivery of six gigawatts worth of GPU chips beginning in the second half of 2026, and AMD will offer OpenAI the option to purchase up to 160 million shares at one cent each. The share acquisition plan includes performance targets, with one milestone requiring AMD stock to exceed 600 dollars per share compared to Friday's closing price near 165 dollars. OpenAI will receive its first shares when AMD delivers the MI450 AI chips next year, providing computing capacity for the company's Stargate data center project. AMD manager Forrest Norrod described the agreement as a turning point for the semiconductor industry, while the announcement caused a slight decline in shares of competitor Nvidia. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
AMD stock soars 28% on OpenAI chip partnership deal
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top