AMD dropped 17% despite record results. Is this the calm before a major AI breakout driven by the MI350 and MI450 ramp?

The chipmaker inked a deal with OpenAI in October that could see the startup take a 10% stake in AMD. OpenAI will deploy 6 gigawatts of AMD’s Instinct graphics processing units over multiple years beginning with an initial 1-gigawatt rollout of chips in the second half of 2026, the companies said.

The chipmaker will additionally give Nutanix up to $100 million to fund the joint initiatives, which are meant to develop and sell an infrastructure platform for powering AI applications.

Below, it is shown that AMD is seeing strong business activity, especially in their data center segment. The company's AI GPUs are clearly gaining traction in adoption and that's showing up in their financial performance.

Key Takeaways AMD CEO Lisa Su told CNBC in an interview Tuesday that she doesn't see AI's rise wiping out the need for human workers.“We have to figure out how to harness the power of the technology instead of being afraid,

Morning Brief Host Julie Hyman tracks several of the day's top trending stock tickers, including Advanced Micro Devices (AMD) buying $150 million in Nutanix stock (NTNX) as part of a new AI infrastructure partnership,

AMD and Meta (META) just announced a sweeping, multi-year agreement to deploy six gigawatts of AMD Instinct graphics processing units across Meta's global AI infrastructure. AMD stock jumped 8.8% on the news,

Advanced Micro Devices ( AMD +7.37%) stock surged 6.1% in the first 10 minutes of trading Tuesday (9:40 a.m. ET) after announcing an "expanded strategic partnership" with Meta ( META 1.24%): Meta will buy 6 gigawatts-worth of AMD GPUs for artificial intelligence.