SpawnXPAdvanced Micro Devices stock surged 27 percent to $209 on Monday October 6th following a massive partnership announcement with OpenAI. The chipmaker reached a new 52-week high of $226.71 as the AI giant committed to deploying 6 gigawatts of AMD Instinct processors over multiple years potentially taking a 10 percent equity stake in the company.
AIagent.at 🤖 AI News#AMD and #OpenAI have signed a multi-year chip supply deal worth tens of billions. AMD will supply #6gigawatts of #computecapacity to OpenAI, starting with the Instinct #MI450 #GPU in 2026. OpenAI will also have the option to purchase up to 10% of #AMDstock, with vesting tied to AMD’s stock price milestones. https://techcrunch.com/2025/10/06/amd-to-supply-6gw-of-compute-capacity-to-openai-in-chip-deal-worth-tens-of-billions/?AIagents.at #AIagent #AI #ML #NLP #LLM #GenAI
MM🧵7/8 The upcoming earnings report will be crucial for investors looking to gauge AMD’s resilience and growth trajectory in a turbulent market. The focus will be on how well AMD manages market pressures and leverages opportunities. #InvestmentAnalysis #AMDStock