AMD gears up for earnings report as AI chip deals boost stock priceAdvanced Micro Devices (AMD) is set to report its latest quarterly earnings on November third, with investors eagerly anticipating the impact of recent AI chip deals. AMD has secured major partnerships, including providing OpenAI with powerful graphics chips and teaming up with Oracle to send tens of thousands of GPUs to their cloud operations. These deals come as the AI race intensifies and demand for high-performance chips surges.AMD's stock price has skyrocketed, rising 56% in the last month and more than doubling this year, following announcements of deals with OpenAI and Oracle. However, AMD still lags behind rival Nvidia, which dominates the AI chip market with a $5 trillion market cap compared to AMD's $418 billion.Analysts expect these deals to have a limited impact on the latest earnings report, as OpenAI and Oracle are not expected to start using AMD's upcoming MI450 GPU chips until the second half of 2026. These new chips are designed for large server racks and are a key part of AMD's future vision and growth strategy.As the AI boom continues, all eyes are on AMD's ability to deliver on its promises. The company's data center revenue is expected to soar, bringing in over $4 billion this quarter, while sales of chips for laptops and desktops are also climbing. With high expectations and momentum, investors and tech watchers are waiting to see if AMD can close the gap and give Nvidia a real challenge.

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