UPIยท2025-10-06 23:28Group 1 - The S&P 500 and Nasdaq reached record highs following a significant deal between OpenAI and Advanced Micro Devices (AMD) [1][2] - AMD shares surged by 23.71%, while the Nasdaq Composite rose by 0.71% to close at 22,941.67, and the S&P 500 gained 0.36% to close at 6,740.28 [2] - OpenAI is set to take a 10% stake in AMD as part of a multi-year agreement to supply chips [2] Group 2 - OpenAI plans to deploy 6 gigawatts of AMD's Instinct graphics processing units over the next few years, with the first rollout of 1 gigawatt expected in about a year [5] - The partnership with AMD is seen as a competitive move against Nvidia, which currently leads the AI chip market [4][5] - OpenAI's CEO emphasized the importance of this deal for scaling their operations to reach a broader audience [5]