AMD Surges 35% After OpenAI Partnership Reveal.
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Advanced Micro Devices (NASDAQ: AMD) just announced a massive partnership with OpenAI — a deal that could redefine the AI hardware race. Here’s what we know: Up to 6 gigawatts of AMD Instinct GPUs will power OpenAI’s next-gen infrastructure. AMD issued OpenAI warrants for 160 million shares tied to rollout milestones. CFO Jean Hu says it could bring in tens of billions in revenue and boost earnings per share. AMD shares jumped over 35% premarket, reaching $222.95 at last check. Meanwhile, Nvidia recently pledged $100 billion to its own OpenAI partnership — setting up one of the biggest tech rivalries in history. Do you think AMD can catch up to Nvidia in the AI race? #AMD #OpenAI #Stock 🌐 Want more market-moving insights? Dive deeper at www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Let’s stay connected! Follow us for real-time updates, market tips, and exclusive content: 🔹 Instagram: https://www.instagram.com/benzinga 🔹 Facebook: https://www.facebook.com/benzinga 🔹 TikTok: https://www.tiktok.com/@benzinga 🔹 X: https://www.x.com/benzinga ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.
