Key Points Oracle announced Tuesday it intends to purchase tens of thousands of AMD's next-generation chips. This is the latest in a series of major deals announced for the Nvidia rival. 10 stocks we like better than Advanced Micro Devices › Shares of Advanced Micro Devices (NASDAQ: AMD) jumped on Wednesday, finishing the day up 9.4%. The spike came as the S&P 500 and the Nasdaq Composite gained 0.4% and 0.6%, respectively. The chipmaker's stock is continuing to surge after Oracle announced it inte ...

Five-year agreement will challenge Nvidia's market dominance, as OpenAI plans deployment of AMD's new MI450 chips. ...