Just two weeks after its rival Nvidia struck a massive AI deal with ChatGPT owner OpenAI, AI chipmaker Advanced Micro Devices did the same.

On Monday, chipmaker Advanced Micro Devices ( AMD 23.61% ) announced a huge artificial intelligence (AI) strategic partnership with OpenAI, the AI model developer best known for its ChatGPT chatbot. Not only did this news send shares of AMD up a whopping 23.7%, but it also gave a boost to many other AI stocks and the market in general.

AMD's news came exactly two weeks after its rival Nvidia ( NVDA -1.10% ) , whose graphics processing units (GPUs) dominate the AI chip market, announced a massive deal with OpenAI.

Advanced Micro Devices-OpenAI strategic partnership

The AMD-OpenAI strategic partnership involves AMD supplying 6 gig

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