AMD STOCK SKYROCKETS 23% AS OPENAI LOOKS TO TAKE STAKE IN AI CHIPMAKER

Summary from the TLDR AI newsletter

OpenAI will deploy 6 gigawatts of AMD Instinct GPUs over multiple years, starting with 1 gigawatt in late 2026. If the deal is fully exercised, OpenAI would acquire 10% of AMD. Two weeks ago, OpenAI agreed to an agreement with Nvidia for $100 billion, with OpenAI's data center spending commitments now totalling over roughly $1 trillion over the coming years.