AMD's Chip Deal With OpenAI Triggers Explosive Rally | Bloomberg Tech 10/6/2025

AMD, the semiconductor company, has struck a lucrative deal with OpenAI, the artificial intelligence research company. The deal will see AMD providing the infrastructure for OpenAI's AI models, a partnership that AMD's CEO Lisa Su claims could generate tens of billions of dollars in new revenue for the chipmaker. In a separate interview, White House AI and Crypto Czar David Sacks defended the Trump administration's approach to China in the context of the global AI race. Additionally, Meta's Chief Marketing Officer, Alex Schultz, has authored a new book discussing how AI is transforming the advertising industry. The announcement of the AMD-OpenAI deal has triggered an explosive rally in AMD's stock price, reflecting the market's enthusiasm for the potential of this collaboration. The partnership is seen as a significant development in the rapidly evolving AI landscape, with both companies poised to benefit from the growing demand for advanced AI capabilities.