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5 Things to Know Before the Stock Market Opens

1. AMD shares rose 25% following a deal with OpenAI for 6 GW of computing power. 2. The agreement marks significant growth potential for AMD's chip supply. 3. Details on costs for the project were not disclosed in the announcement. 4. Nvidia shares fell 2% as AMD's partnership boosts competitive position. 5. Market conditions are influenced by broader economic factors like government negotiations.

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FAQ

Why Very Bullish?

AMD's partnership with OpenAI could position them as a leader in AI computing, reminiscent of Nvidia's strong gains in previous AI-driven market surges.

How important is it?

This announcement directly enhances AMD's growth outlook and competitiveness, likely leading to positive market sentiment and investor interest.

Why Long Term?

The OpenAI deal could lead to sustained demand for AMD chips, similar to previous tech partnerships with long-term growth trajectories.

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