Oracle will deploy 50,000 AMD AI chips and launch a new open lakehouse platform, signaling a major push to rival NVIDIA in the enterprise AI cloud race.

AI chip companies Nvidia, Broadcom, Marvell, and Super Micro Computer stocks recover as ASML reports strong earnings.

Today, companies focused on artificial intelligence, such as OpenAI, are aggressively pursuing better AI inference. Groq is benefiting from the trend, resulting in a $750 million fundraising round in September, which boosted its valuation to nearly $7 billion.

HSBC also raised the price target on the stock to a Street-high of $320, up from $200. The new target implies upside of nearly 80% from Nvidia’s last close of $180.03. Hitting that target would translate to a market capitalization close to $8 trillion,

Hedge fund manager Philippe Laffont sold most of his AMD stake to buy Arm Holdings, betting on 340% growth by 2030.

Laffont bulked up his position in AMD in late 2022 and early 2023, as the popularity and potential of generative AI became clear. At one point, AMD was Coatue's third-largest publicly traded equity position. But since reaching a peak in mid-2023, Laffont has trimmed 89% of his position in the GPU maker.

For the PC gamers out there, the question around pairing an NVIDIA GPU with an AMD CPU is answered with a quick check of specs compatibility.