AI/HPC Bitcoin Miners Rally as AMD Soars 30% on OpenAI Deal

The wave of massive contracts in the artificial intelligence (AI) and high-performance computing (HPC) sector continues, with the latest coming from OpenAI, which has agreed to buy tens of billions of dollars worth of chips from Advanced Micro Devices (AMD). The deal, according to the Financial Times, could also see OpenAI acquire up to a 10% stake in AMD over time. AMD shares surged around 30% currently changing hands at about $225. The chips purchased under this agreement will provide a total computi ...