AMD (AMD) CEO Lisa Su, on a call discussing AMD’s partnership with Open AI, says “We are well-positioned to ensure that we supply everyone who is interested in MI 450.” Su says AMD expects to deploy the first gigawatt “as soon as possible.” Shares of AMD are up 35% in premarket trading.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AMD Stock Jumps 25% on AI Chip Deal with OpenAI, ChatGPT Maker Has Option to Take 10% Stake
- AMD Partners with OpenAI for Strategic GPU Deployment
- AMD announces partnership with OpenAI, including 160M share warrant
- OpenAI, AMD reach major computing deal, WSJ reports
- AMD shares jump 26% to $207.01 following OpenAI partnership