Bullish AMD deal from Oracle signals AI momentum

3 months ago

Carmen Rinicki

"I mean, I'm always looking at the chip stock. So, AMD advanced micro devices top on my list. Um, it had a big jump on Wednesday, up 9% that closed at a record high. It was uh after earlier in the week, so on Tuesday, it landed a major deal from Oracle."

The speaker highlights AMD's recent performance, noting a 9% jump and a record close following a major deal with Oracle. This deal is seen as a catalyst in AMD's effort to challenge Nvidia in the AI processor market, particularly as Oracle plans to deploy its chips in data centers.

Related Stocks