US Stock Market Move | AMD (AMD.US) rose nearly 5% and reached a major partnership with OpenAI.

On Wednesday, AMD (AMD.US) rose nearly 5%, reaching $221.94. In terms of news, on October 6, AMD and OpenAI announced a four-year, multi-billion-dollar chip supply agreement. Under the agreement, OpenAI will deploy a total of 6 gigawatts (GW) of AMD GPU computing power over the next few years. In order to further deepen the partnership, OpenAI will subscribe to AMD shares, with the proportion possibly reaching up to 10%. This collaboration is reshaping the competitive landscape of the AI chip market. In the AI accelerator market where NVIDIA Corporation dominates, AMD has finally gained recognition from a top customer, and OpenAI, through this strategic move, is building a more diversified computing power foundation for its ambitious AGI vision.