Advanced Micro Devices Inc
OpenAI’s dominance is unlike anything Silicon Valley has ever seen
OpenAI DevDay Ashley Capoot | CNBC Virtually every successful tech startup throughout history has faced the reality that it could get swallowed up or run over by a large incumbent at any moment. It’s part of daily life for an entrepreneur. But the company at the center of the current boom is a different kind […]
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Stocks making the biggest moves premarket: Applied Digital, Mosaic Levi Strauss & more
Check out the companies making headlines before the opening bell : Applied Digital — Shares surged 30% after the datacenter builder reported that revenue in its fiscal first quarter was up 84% from the comparable period in the prior year. Stellantis — The French-Italian-American automaker reported a 13% rise in third-quarter shipments, prompting shares to […]
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AMD stock continues rally after OpenAI deal, now up 43% this week so far
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview in San Francisco, California, US, on Monday, Oct. 6, 2025. David Paul Morris | Bloomberg | Getty Images AMD stock climbed 11% on Wednesday, continuing a massive run since OpenAI announced plans to buy billions of dollars […]
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AMD’s deal with OpenAI gives Nvidia much-needed challenger in market it dominates
Lisa Su, CEO of AMD, left, and Jensen Huang, CEO of Nvidia Benoit Tessier | Ritzau Scanpix | Mads Claus Rasmussen | Reuters In the 1990s, when Intel dominated the PC chip market, the semiconductor maker needed Advanced Micro Devices to exist as a viable No. 2 to help avoid being charged with monopolistic behavior. […]
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Nvidia’s Huang says he’s surprised AMD offered 10% of the company in ‘clever’ OpenAI deal
Nvidia CEO Jensen Huang said Wednesday that he’s surprised Advanced Micro Devices offered 10% of itself to OpenAI as part of a multibillion-dollar partnership announced earlier this week. “It’s imaginative, it’s unique and surprising, considering they were so excited about their next generation product,” Huang said in an interview with “CNBC’s Squawk Box.” “I’m surprised […]
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Jensen Huang explains why Nvidia’s latest partnership with OpenAI is different
In an interview with CNBC’s Jim Cramer, Nvidia CEO Jensen Huang discussed his company’s new deal with OpenAI, saying it’s the first “direct partnership” with the ChatGPT maker. “This is a partnership that, for the first time, OpenAI is going to buy directly from us,” Huang said. “Usually…a cloud service provider buys from us, and […]
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Stocks making the biggest moves midday: Oracle, Figma, Trilogy Metals, Ford and more
Check out the companies making headlines in midday trading: Oracle — The software giant fell more than 5%, leading a reversal in tech stocks, after The Information reported its margins on its cloud business are weaker than analysts currently estimate and that it is losing money on some of its Nvidia chip deals. Figma — […]
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Stocks making the biggest moves premarket: Trilogy Metals, Aehr Test Systems, Dollar Tree and more
Check out the companies making headlines before the bell. Trilogy Metals — U.S.-listed shares of the Canadian minerals explorer soared more than 222% after the White House said it would take a stake in the company . The Trump administration will invest $35.6 million in Trilogy as part of a new partnership, making the U.S. […]
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AMD is rallying day two after a very bullish call from Wall Street
AMD shares were jumping again on Tuesday, a day after its market-moving partnership with OpenAI was announced, as Jefferies ratcheted up the chipmaker’s stock price target and upgraded it to boot. Jefferies upgraded AMD to buy from hold and raised its price target to $300 from $170. The new target represents nearly a 50% gain […]
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OpenAI DevDay live: Jony Ive says pace of change in AI is ‘extraordinary’
OpenAI DevDay 2025 is complete That’s a wrap on this year’s DevDay! Altman and Ive exited the stage, and the attendees are leaving the venue to head outside for a reception. Thanks for following along with CNBC. —Ashley Capoot Ive hopes to build tools that ‘make us happy’ In closing, Altman asked Ive what he […]
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