{"id":198650,"date":"2025-10-08T20:46:09","date_gmt":"2025-10-08T20:46:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/198650\/"},"modified":"2025-10-08T20:46:09","modified_gmt":"2025-10-08T20:46:09","slug":"amd-stock-continues-rally-after-openai-deal-now-up-43-this-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/198650\/","title":{"rendered":"AMD stock continues rally after OpenAI deal, now up 43% this week"},"content":{"rendered":"

Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview in San Francisco, California, US, on Monday, Oct. 6, 2025. <\/p>\n

David Paul Morris | Bloomberg | Getty Images<\/p>\n

AMD<\/a> stock climbed 11% on Wednesday, continuing a massive run since OpenAI<\/a> announced plans to buy billions of dollars of AI equipment from the chipmaker earlier this week.<\/p>\n

On Monday, the ChatGPT maker entered into an agreement to potentially own 10% of AMD, based on its stock price and partnership milestones.<\/p>\n

AMD now has a market cap of $380 billion after climbing 4% on Tuesday and 24% on Monday. Shares are up 43% so far this week, on pace for the best weekly gain since April 2016.<\/p>\n

The partnership with OpenAI, which has historically been closely linked with Nvidia<\/a>, has bolstered investor confidence that AMD will be a viable competitor to Nvidia in AI chips<\/a>.<\/p>\n

AMD CEO Lisa Su<\/a> told reporters on Monday that the deal was a “win-win” and that its AI chips were good enough to be used in “at-scale deployments,” or very large data centers like the kind OpenAI and cloud providers build.<\/p>\n

Nvidia CEO Jensen Huang<\/a> on Wednesday reacted to the deal on CNBC’s Squawk Box, saying it was “surprising.”<\/p>\n

“It’s imaginative, it’s unique and surprising, considering they were so excited about their next-generation product,” Huang said. “I’m surprised that they would give away 10% of the company before they even built it. And so anyhow, it’s clever, I guess.”<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

AMD 5-day stock chart.<\/p>\n","protected":false},"excerpt":{"rendered":"Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview…\n","protected":false},"author":2,"featured_media":198651,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[23645,256,5067,254,255,64,63,4065,99,174,203,5063,105],"class_list":["post-198650","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-advanced-micro-devices-inc","tag-ai","tag-apple-inc","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-breaking-news-technology","tag-business","tag-business-news","tag-mobile","tag-nvidia-corp","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/198650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=198650"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/198650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/198651"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=198650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=198650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=198650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}