OpenAI’s Deals With Broadcom and AMD Show How Big AI Market Can Be

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OpenAI’s agreements to buy chips from Advanced Micro Devices Inc. and Broadcom Inc. are demonstrating how much room the artificial intelligence industry has to grow beyond top dog Nvidia Corp.

In the two weeks since AMD and OpenAI announced their blockbuster deal, the chipmaker’s stock has soared more than 42%. AMD also landed a major order from Oracle Corp. this week, further juicing its shares. Meanwhile, Broadcom unveiled its own agreement with OpenAI on Monday, sending its shares up 10% in a single session, their best performance since…



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OpenAI’s Deals With Broadcom and AMD Show How Big AI Market Can Be


OpenAI’s agreements to buy chips from Advanced Micro Devices Inc. and Broadcom Inc. are demonstrating how much room the artificial intelligence industry has to grow beyond top dog Nvidia Corp.

In the two weeks since AMD and OpenAI announced their blockbuster deal, the chipmaker’s stock has soared more than 42%. AMD also landed a major order from Oracle Corp. this week, further juicing its shares. Meanwhile, Broadcom unveiled its own agreement with OpenAI on Monday, sending its shares up 10% in a single session, their best performance since…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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