AMD signs AI chip-supply deal with OpenAI, shares surge 38%
Shares of Advanced Micro Devices (AMD) surged 38% to hit a high of $226.70 on Nasdaq after the company announced about a 6 gigawatt agreement with OpenAI to power latter’s next-generation AI infrastructure across multiple generations of AMD Instinct GPUs. The first 1 gigawatt deployment of AMD Instinct MI450 GPUs is set to begin in … Read more