AMD Shares Surge 30% After Multibillion-Dollar Deal With OpenAI
1. AMD announced a multibillion-dollar deal with OpenAI, increasing stock by 30%. 2. OpenAI to acquire 6 gigawatts of AMD AI chips starting in 2026. 3. The partnership could yield tens of billions in revenue for AMD. 4. OpenAI's deal with AMD positions it against Nvidia's dominance in AI chips. 5. AMD's recent stock surge marks its largest gain since April 2016.