Sanmina (NASDAQ: SANM) saw a 26% increase in stock price due to a partnership with American Micro Devices, which had a double-digit raise in share price after securing a deal with OpenAI. AMD will supply GPUs totaling 6 gigawatts, with the first delivery scheduled for the second half of next year. Sanmina is set to acquire AMD’s data center infrastructure unit pending regulatory approval, leading to collaboration on manufacturing AI components. The deal is expected to enhance Sanmina’s non-GAAP earnings, starting in the first year and growing over time. The Motley Fool’s Stock Advisor recommends other stocks over Sanmina for potential high returns in the future.

Read more at Nasdaq: Why Sanmina Stock Rocketed Almost 26% Higher on Monday