OpenAI and AMD Announce Massive AI Partnership, Sending AMD Shares Soaring

1. OpenAI signs long-term deal to purchase AMD AI chips worth billions. 2. AMD shares surged over 30% after the announcement, year-to-date gains nearing 80%. 3. Partnership positions AMD as a key player in AI chip market against Nvidia. 4. OpenAI could acquire nearly 10% stake in AMD through performance-based warrants. 5. AMD expected to see significant revenue growth and strategic alignment with OpenAI.