Advanced Micro Devices, Inc. (AMD) shares had their best day in six months on Monday after OpenAI, the maker of ChatGPT, announced a deal to source six gigawatts (GW) of GPUs from the chipmaker. Jefferies analysts stated that the OpenAI deal altered AMD's 'AI narrative' and provided validation of its AI roadmap and the level of AI demand in general.
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09:13 am on
07 Oct