Bullish Commentary on AMD Amid AI Rally

18 days ago

Carmen Rhiniki

"So, the first thing that I was looking at today, AMD Advanced Micro Devices had yet another huge gain today. Shares closed up 11.3%. This is another record high and it continues a 3-day winning streak that’s seen the stock rise more than 40%. This is really all coming off of the Open AAI deal earlier in the week. Basically saying that OpenAI will deploy, you know, 6 gawatt worth of AMD graphics. This is just really important for the company. It sort of shows that it can compete with Nvidia."

The speaker highlights AMD's strong performance with an 11.3% gain on record highs and a 3-day rally, attributing the momentum to a recent OpenAI graphics deal. The commentary underscores how this deal not only boosts AMD's competitive edge against Nvidia but also paves the way for potential strategic investment from OpenAI, adding to a bullish outlook in the tech space.

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