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Wajeeh Khan

AMD Is Soaring on an OpenAI Deal. Is AMD Stock a Better Buy Than Nvidia Here?

AMD OpenAI Nvidia Advanced Micro Devices NVDA

OpenAI has secured warrants to acquire up to a 10% stake in Advanced Micro Devices (AMD) as part of an artificial intelligence infrastructure deal it signed with the chipmaker on Monday. 

OpenAI has teamed up with the semiconductor firm to diversify its chip supply beyond Nvidia (NVDA). In its press release, the AI company said it will deploy some 6 GW of AMD graphics processing units (GPUs). 

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