Buy the Surge in AMD Stock After Striking Partnership with OpenAI?
Joining Broadcom (AVGO) and Nvidia (NVDA) , AMD (AMD) is the latest major chip supplier to strike a multibillion-dollar deal with artificial intelligence pioneer OpenAI.Spiking as much as +7% in today’s trading session, AMD stock has soared over +30% since announcing a strategic partnership with the ChatGPT creator on Monday. Seen as a bold move, OpenAI secured more long-term compute capacity while giving AMD a massive boost in credibility and market share.On the heels of hitting a new 52-week high of $22 ...