Advanced Micro Devices Explodes on OpenAI Pact, But is AMD the Best AI Chip Stock to Buy Now?

Advanced Micro Devices (AMD) stock is screaming higher in premarket action, up 33% on a landmark partnership with OpenAI. Under the terms of the deal – which represents one of the largest GPU deployment agreements in the artificial intelligence (AI) industry – OpenAI received warrants for up to 160 million AMD shares, potentially giving them an approximately 10% ownership stake upon meeting specific deployment milestones and share price targets. The AMD-OpenAI deal involves deploying 6 gigawatts of AMD In ...