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Benzinga
Benzinga
Business
Anusuya Lahiri

What's Going On With AMD Stock Thursday?

AMD-OpenAI Deal

Advanced Micro Devices (NASDAQ:AMD) relinquished some of its recent gains on Thursday, cooling off a market rally spurred by its deepening collaboration with OpenAI.

The chip designer’s stock had surged 11% on Wednesday, extending an impressive run after the ChatGPT parent organization announced plans earlier in the week to purchase billions of dollars’ worth of AI equipment from AMD.

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