Shares of Advanced Micro Devices Inc., a U.S.-based semiconductor company, surged in premarket trading Monday morning after the U.S.-based semiconductor company announced a deal to provide computing power for OpenAI’s next-generation AI systems.The companies described the deal, announced on Monday, as a "win-win," saying it will enable very large-scale AI deployments and advance the entire ecosystem.AMD shares are up more than 35% as of 8:30 a.m. ET.AMD agreed to provide enough of its graphics processing units (GPUs) to support 6 gigawatts of computing power for OpenAI’s next-generation AI sys...

1 week ago

On HALO