The new deal with OpenAI brings AMD a step closer to catching up with Nvidia in the data center business, but there's a catch.Advanced Micro Devices (AMD -7.78%) supplies chips for some of the world's most popular consumer electronics, from Sony's PlayStation 5 to Tesla's EV infotainment systems. But investors are currently focused on its data center business, where it sells a lineup of graphics processing units (GPUs) specifically designed to power artificial intelligence (AI) development.Nvidia has domina ...

As the AI arms race accelerates, Advanced Micro Devices NASDAQ: AMD is gaining ground in a market long dominated by NVIDIA. Its recent deal with OpenAI adds weight to the view that AMD stock could still double in value. But this isn’t about taking share from NVIDIA NASDAQ: NVDA—analysts at Wedbush estimate demand is outstripping supply by ten to one, creating room for both companies to thrive. AMD’s opportunity lies in meeting a massive unmet need in the AI GPU market. Advanced Micro Devices TodayAMDAdvance ...

Investor Brad Gerstner warned on Monday that OpenAI’s recent deals with Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) remain announcements rather than actual deployments. Therefore, he urged caution.Speaking to CNBC, the Altimeter Capital founder said, “Now we will see what gets delivered. Ultimately, the best chips will win,” emphasizing that execution, not hype, will determine which companies dominate the next phase of the artificial intelligence race.For context, AMD surged in premarket tr ...

Hello and welcome to Market Domination. I'm Josh Lipton live from our NYC headquarters. Stocks mixed this Monday.NASDAQ getting a lift on news of AMD scoring one of the biggest AI wins yet. Going to be digging into that story and more. Right now, there is just an hour to go into the closing bells.Let's take a look at the major averages here. The Dow is down about 70 points. The S&P 500, your broad gauge is up about 4/10en of a percent. Tech Nasdaq is up nearly 9/10en of a percent.Let's welcome in here tech ...