AMD, OpenAI and cloud computing
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The deal is a huge shot in the arm for AMD, which has been playing second fiddle to Nvidia in the GPU game for the last several years. While Nvidia's stock is up over 1,300% in the last three years as it became the largest publicly traded company in the world, AMD is up a comparatively soft 200% in the same period.
Advanced Micro Devices surges 30% on OpenAI news, but weak margins and tough competition signal overvaluation. Learn more about AMD stock here.
Advanced Micro propelled to a new all-time high on Monday, as investors cheered a chip supply deal with OpenAI, which could deliver the former billion-dollar revenues and lure a 10-percent investment