And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Kristine Aquino, taking you through to that closing bell with a global simulcast. We're joined now by Carol Massar, Tim Stenovec.Welcome to our audiences across all of our bloomberg platforms, television, radio and our partnership with you to appear to pass the most crucial moments of the day. A rebound rally here on this Tuesday afternoon and some big earnings up ahead that could maybe aid or hinder further gains ...

Core Insights - AMD's shares surged nearly 36% following a significant deal with OpenAI, which could lead to tens of billions in revenue for AMD [1] - The agreement involves a multiyear commitment of six gigawatts of capacity, equating to the peak energy demand of a sizable city [2] - OpenAI's financing strategy for this deal remains uncertain, particularly regarding the issuance of warrants for AMD shares contingent on milestone completions [3][4] AMD and OpenAI Deal Structure - The first tranche of AMD shares will be delivered upon the completion of the first gigawatt of capacity, raising questions about OpenAI's financing mechanisms [4] - AMD's deal structure differs from Nvidia's previous agreement with OpenAI, which was valued at $100 billion and involved a stake in OpenAI [6][7] - OpenAI's total commitments to various partners range between 26 and 30 gigawatts, with AMD's six gigawatts being a significant portion [5] Market Implications - The deal positions AMD to compete more effectively against Nvidia in the high-performance GPU market, particularly in inference tasks [9] - Following the announcement, Intel's shares fell, while Nvidia's shares experienced fluctuations, indicating competitive pressures in the market [8] - AMD's technology may be perceived as superior for inference compared to Nvidia, although this remains speculative until the data centers are operational [10]