AMD, OpenAI
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Korea JoongAng Daily on MSN
Samsung expected to benefit from OpenAI and AMD's partnership
OpenAI has signed a large-scale contract with AMD to purchase AI accelerators — a move that could reshape the landscape of the AI chip market and bring an unexpected ray of hope to Samsung Electronics,
Advanced Micro extended its winning streak to a third consecutive day on Wednesday, hitting a new all-time high, as investors gobbled up shares on expectations that it would become the largest rival
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AMD gets upgrade after stock’s 24% one-day surge. ‘We rarely do this,’ says chagrined analyst.
We rarely do this,” said analysts led by Blayne Curtis. “We raised estimates and our [price target] last week following positive server checks but couldn’t triangulate the AI ramp.” That came on OpenAI’s decision to purchase up to 6 gigawatts of AMD chips — what Jefferies says has the potential to fuel “well over $100 billion” worth of revenue.
Advanced Micro Devices surges 30% on OpenAI news, but weak margins and tough competition signal overvaluation. Learn more about AMD stock here.