Shares of Advanced Micro Devices (NASDAQ: AMD) have surged 42% since last Friday, driven by a chip-supply deal with OpenAI. OpenAI will install AMD AI accelerator cards consuming 6 gigawatts of power over five years, with an option to purchase nearly 10% of AMD’s stock based on order volumes. The agreement could bring in “double-digit billions” in annual sales for AMD, encouraging AI data centers to try AMD solutions and potentially adding over $100 billion in AI revenue over five years. Despite this, Nvidia remains OpenAI’s chief hardware provider, with a recent 10 gigawatt contract. Consider investing in AMD for potential growth.

Read more at Nasdaq: Why AMD Stock Is Soaring This Week