AMD's OpenAI Deal: Challenging Nvidia in the AI Chip Race
Update: 2025-10-08
Description
AMD's stock skyrockets nearly 10% after landing a massive deal with OpenAI to supply high-powered GPUs, potentially unlocking over $100 billion in revenue and challenging Nvidia's dominance in the AI chip market. Wall Street analysts are bullish, upgrading AMD's rating and setting new price targets as the stock hits a 52-week high, fueled by the promise of generative AI and automation.
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