Shares of AMD soared as Wall Street’s AI-fueled rally persists.
An AMD logo featured on a CPU fan on Dec. 3, 2020. Timothy Dykes/Unsplash
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Advanced Micro Devices (AMD) and OpenAI have reached a deal that could see Sam Altman’s artificial intelligence (AI) juggernaut obtain a 10 percent stake in the chipmaker.
Shares of AMD climbed by about 35 percent before the Oct. 6 opening bell following the announcement of one of the largest deals in the AI sector this year. The stock is up by 36 percent since the beginning of 2025.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
