• Blog
  • California Consumer Privacy Act (CCPA)
  • Cart
  • Checkout
  • Contact
  • DMCA
  • Home
  • My account
  • Privacy Policy
  • Shop
Wednesday, October 29, 2025
  • Login
Buyer's Insight
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact
No Result
View All Result
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact
No Result
View All Result
Buyer's Insight
No Result
View All Result

AMD stock continues to rebound after OpenAI deal, now up 43% this week

Michael Johnson by Michael Johnson
October 8, 2025
in Business & Economy
Reading Time: 3 mins read
0
0
SHARES
0
VIEWS

Lisa Su, President and CEO of Advanced Micro Devices Inc. (AMD), during an interview with Bloomberg Television in San Francisco, California, United States, Monday, October 6, 2025.

David Paul Morris | Bloomberg | Getty Images

AMD The stock soared 11% on Wednesday, continuing its massive rally since OpenAI announced plans to buy billions of dollars of AI equipment from the chipmaker earlier this week.

On Monday, the maker of ChatGPT reached a deal to potentially own 10% of AMD, based on its stock price and partnership milestones.

AMD now has a market capitalization of $380 billion after climbing 4% on Tuesday and 24% on Monday. Shares are up 43% so far this week, matching the best weekly gain since April 2016.

The partnership with OpenAI, historically closely linked to Nvidiahas boosted investor confidence that AMD will be a viable competitor to Nvidia in the AI ​​chip space.

Lisa Su, AMD’s CEO, told reporters on Monday that the deal was a “win-win” and that its AI chips were good enough to be used in “large-scale deployments” or in very large data centers like those built by OpenAI and cloud providers.

Nvidia CEO Jensen Huang reacted to the deal on CNBC’s Squawk Box on Wednesday, calling it “surprising.”

“It’s imaginative, it’s unique and surprising, given that they were so excited about their next-generation product,” Huang said. “I’m surprised they’re giving away 10 percent of the company before they’ve even built it. And anyway, it’s smart, I guess.”

Stock chart iconStock chart icon

hide content

AMD 5 day stock chart.

Source link

Post Views: 0
Tags: AMDcontinuesDealOPENAIReboundstockWeek
Previous Post

Dolly Parton says ‘I’m not dying’ after sister asks for prayers

Next Post

Declare wet drought in Maharashtra, provide relief to farmers: Congress writes to CM Fadnavis

Related Posts

Business & Economy

Federal health insurance premiums will see another significant increase in 2026

October 10, 2025
Business & Economy

ONGC to provide first guarantee in 15 years for unit bond sale, says report

October 10, 2025
Business & Economy

US opens investigation into Tesla after new accidents involving its self-driving technology

October 9, 2025
Business & Economy

Levi Strauss (LEVI) Third Quarter 2025 Results

October 9, 2025
Business & Economy

Trump Administration Sends Student Loan Cancellation Notices

October 9, 2025
Business & Economy

Asia Economic Calendar October 10, 2025 – RBA’s Bullock and Fed’s Daly speak

October 9, 2025
Next Post

Declare wet drought in Maharashtra, provide relief to farmers: Congress writes to CM Fadnavis

Zoma News Pulse

  • Home
  • California Consumer Privacy Act (CCPA)
  • Contact
  • DMCA
  • Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact