Should You Buy Advanced Micro Devices (AMD) Stock After Its Blockbuster Deal With OpenAI?

Advanced Micro Devices (NASDAQ: AMD) supplies chips for some of the world's most popular consumer electronics, from Sony's PlayStation 5 to Tesla's EV infotainment systems. But investors are currently focused on its data center business, where it sells a lineup of graphics processing units (GPUs) specifically designed to power artificial intelligence (AI) development.Nvidia has dominated the AI GPU market for the last few years, but AMD's chips are quickly catching up in terms of processing power, and some of the biggest data center operators are lining up to buy them.In fact, on Oct. 6, AMD announced a deal with OpenAI to potentially supply the ChatGPT creator with millions of its most advanced GPUs from now through 2030. It's the biggest contract AMD has signed yet for its AI data center chips, based on publicly available information. So should investors pile into its stock right now?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool