AMD's AI Chip Deal: Challenging Nvidia's Dominance
Update: 2025-10-07
Description
AMD strikes back! After Nvidia's OpenAI deal sent shockwaves, AMD stock skyrockets 38% on news of its own multi-year partnership to supply advanced graphics chips to OpenAI, directly challenging Nvidia's dominance in the AI hardware race. The deal, deploying Instinct GPUs by Q2 2026, includes a potential 10% stake in AMD for OpenAI, solidifying AMD's position as a key player in powering the future of AI.
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