AMD soars 43% as OpenAI plans major chip purchase
Tech in Asia·2025-10-09 11:00
AMD shares jumped 11% on October 8, extending their weekly gain to 43% after OpenAI announced plans to buy billions of dollars in AI equipment from the chipmaker.
OpenAI also entered an agreement that could give it up to a 10% stake in AMD, depending on the stock price and partnership milestones.
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