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tz-plus logo Pivotal Point Tracking Advanced Micro Devices (AMD): Strategic OpenAI Alliance Drives Stock Up 23%!

W. Zussner
Reading Time: 1 minute

The price jump on October 6 was the direct result of a strategic partnership between AMD and the AI giant OpenAI. A historical deal has been made. AMD and OpenAI announced a multi-year and cross-generational strategic cooperation. As part of this partnership, OpenAI will deploy 6 gigawatts of AMD Instinct GPUs (starting with the MI450 series in late 2026). The stock experienced a price jump of over 23% on the trading day, reaching a new all-time high. This increase was one of the largest single-day gains in nearly 10 years. The alliance is seen...

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