Jim Cramer says he is not worried about the amount of AI spend by the hyperscalers

Core Viewpoint - The partnership between OpenAI and AMD signifies a major investment in AI technology, with OpenAI expected to spend tens of billions on AMD's chips, which has led to a significant increase in AMD's stock price and a positive market reaction overall [4][9][10]. Company Insights - OpenAI is making a substantial investment in AMD, indicating confidence in AMD's ability to provide high-end chips necessary for AI applications [9][23]. - AMD's stock surged by 24% following the announcement of the deal, reflecting strong market sentiment towards AI-related investments [4][10]. - The deal could potentially be worth tens of billions for AMD, as OpenAI will also take a stake in the company through warrants that activate as AMD's stock price increases [9][10]. Industry Context - The current landscape is characterized as the fourth industrial revolution, driven by advancements in artificial intelligence and accelerated computing [6][24]. - Major tech companies, referred to as hyperscalers, are investing heavily in AI to maintain competitive advantages in their respective verticals, fearing disruption from OpenAI's capabilities [22][23]. - The market is witnessing a rally in related sectors, including data center companies, as optimism around AI spending continues to grow [10][11].