Finboldยท2025-10-14 18:24Core Insights - United States Representative Cleo Fields made significant stock purchases in Oracle and Advanced Micro Devices ahead of a major AI partnership announcement between the two companies [1][4][6] Group 1: Stock Purchases - Fields purchased approximately $350,000 worth of Oracle and AMD stock combined shortly before the AI chip deployment deal was announced [1] - The purchases included multiple transactions for Oracle shares in September, valued between $15,000 and $100,000 each, and AMD stock valued between $15,000 and $50,000 on August 15 [2] Group 2: Stock Performance - Following the announcement of the partnership, AMD shares increased over 3% to $223, while Oracle's stock decreased about 2% to $301, indicating differing investor sentiment towards the two companies [5] - AMD's stock has gained nearly 19% in value since Fields' purchase, while Oracle's stock performance has been mixed, showing modest gains and slight declines [2][3] Group 3: Partnership Details - The partnership involves Oracle's Cloud Infrastructure division deploying 50,000 AMD Instinct MI450 GPUs starting in 2026, marking a significant shift in the AI computing landscape as cloud providers look for alternatives to Nvidia's chips [4] - Oracle's new deal with AMD follows a five-year cloud agreement with OpenAI, potentially worth up to $300 billion [6]