AMD got a big endorsement in the form of a multiyear chip deal with OpenAI, which was also issued a warrant to purchase up to 160 million AMD shares.

OpenAI’s latest move in the race to build massive data centers in the US shows it believes demand for AI will keep surging—even as skeptics warn of a bubble.

Right now, during Prime Big Deal Days, Amazon is offering this powerhouse processor at an all-time low price of $285 for Prime members only, slashed from its original $549 price.

It’s likely the first of many — analysts at Jefferies upgraded Advanced Micro Devices to a buy, after the chipmaker’s stock surged on a pact with ChatGPT maker OpenAI.

In a significant challenge to Nvidia’s dominance, OpenAI announced Monday it would buy 6 gigawatts of computing power from data centers that will run exclusively on AMD chips.

AMD will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.

A pivot from videogames to data centers—and a new deal with OpenAI—has the chip designer on the road to a $1 trillion valuation.

Does a sale count? Either way, seven months later, Newegg is finally selling an entry-level RX 9070 at MSRP rather than scalping it. Guess it wasn’t “launch-only pricing” after all. (In case you’re wondering why I call it “scalping,