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Benzinga
Benzinga
Business
Anusuya Lahiri

Super Micro Stock Soars After AMD's Big AI Deal With OpenAI

Supermicro Sign

Super Micro Computer (NASDAQ:SMCI) shares climbed Monday as investor enthusiasm for artificial intelligence continued to drive market momentum.

The surge follows a landmark deal announced by Advanced Micro Devices (NASDAQ:AMD), which rose sharply in premarket trading, to supply OpenAI with up to 6 gigawatts of AMD Instinct graphics processing unit (GPU) power for the AI company's next-generation infrastructure.

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