AMD (Nasdaq: AMD) signed a massive deal with OpenAI that was announced before the market opened on October 6th. Since that date, shares of AMD are up an astounding 42% in under two weeks. That’s especially notable since shares of rival NVIDIA (Nasdaq: NVDA) are down more than 2% during that time as large funds rotate money from the dominant GPU company to AMD.
In the discussion below from The AI Investor Podcast, Eric Bleeker and Austin Smith break down the massive implications of AMD’s deal with OpenAI. While the deal has boosted shares of AMD, it could also be a huge catalyst to other technology stocks that investors are overlooking.
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