Advanced Micro Devices ( AMD ) shares skyrocketed more than 23% on Monday, Oct 6, following news that OpenAI agreed to pour billions into a long-term partnership that could give the artificial intelligence pioneer a 10% stake in the chipmaker, as reported by Yahoo Finance . The deal, which triggered one of the largest one-day rallies in AMD’s history, underscores the booming demand for high-powered computing chips as the AI revolution accelerates.

Under the agreement, AMD will supply more than 6 gigawatts of its Instinct line of graphics processing units (GPUs) to OpenAI over several generations, starting with the MI450 chips in late 2026, according to Axios . The first 1 gigawatt of GPU capacity is set to come online in the second half of 2026. The multiyear deal is expected t

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