Group 1 - OpenAI is expected to spend tens of billions of dollars on high-end chips from AMD and Nvidia, which has led to a significant increase in AMD's stock price by 24% [3] - AMD's CEO, Lisa Su, and OpenAI's co-founder, Greg Brockman, express confidence in OpenAI's ability to pay for the ordered chips, indicating a strong belief in the financial backing of OpenAI [2] - Despite skepticism surrounding AI investments, the market reaction suggests a strong belief in OpenAI's financial capacity, contributing to a broader market movement with the NASDAQ rising significantly [3] Group 2 - The discussion around accelerated computing and artificial intelligence has been ongoing since at least 2018, highlighting the potential for a technological revolution in this sector [4]
I know, I am a believer, says Jim Cramer on the AI trade