Advanced Micro Devices Sees 34% Surge Amid AI Deal
Surge in Advanced Micro Devices Shares
Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) experienced a remarkable increase of 34.2%, trading at $221.10 in pre-market sessions. This significant rise followed the announcement of a pivotal agreement with OpenAI to utilize up to 6 gigawatts of AMD’s Instinct GPU power for the development of next-generation AI infrastructure.
Details of the Partnership with OpenAI
The initial phase of this collaboration will involve rolling out 1-gigawatt of AMD Instinct MI450 GPUs in the latter half of 2026. Plans for successive expansions are already in place, aimed at integrating multiple generations of AMD’s advanced data center chips into this groundbreaking initiative.
Pre-Market Movers and Trends
The surge in AMD's shares has sparked interest in other stocks showing impressive movements in pre-market trading. Here are several notable mentions:
Top Gainers
- Society Pass Incorporated (NASDAQ: SOPA) skyrocketed 115% to $3.03, building on a 21% gain from the previous trading day.
- Critical Metals Corp. (NASDAQ: CRML) surged 62.8% to $12.99, following the announcement of a $35 million PIPE deal with a new institutional investor.
- OneMedNet Corporation (NASDAQ: ONMD) saw its shares rise by 42.8% to $1.47 after its partnership with Palantir to enhance healthcare AI and data analytics.
- Sanmina Corporation (NASDAQ: SANM) gained 42.2%, trading at $162.18.
- Femasys Inc. (NASDAQ: FEMY) jumped 34.2% to $0.8486, having risen 52% in the last trading session.
- Arteris, Inc. (NASDAQ: AIP) increased by 24% to $13.61.
- NioCorp Developments Ltd (NASDAQ: NB) rose 22.7% to $9.75 after a 17% jump the previous day.
- Palisade Bio, Inc. (NASDAQ: PALI) surged 21.3% to $1.95, rebounding after a slight dip on Friday.
- Ioneer Ltd (NASDAQ: IONR) climbed 21.1% to $5.75, gaining momentum from its earlier performance.
Stocks on the Decline
- Skye Bioscience, Inc (NASDAQ: SKYE) saw a drastic decline of 60.6% to $1.87 after presenting disappointing Phase 2a data from a recent clinical trial.
- vTv Therapeutics Inc. (NASDAQ: VTVT) dropped 31.8% to $16.44.
- Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) fell 28% to $1.36, attributed to the pricing of a $25 million public offering.
- CCH Holdings Ltd (NASDAQ: CCHH) tumbled 15.5% to $3.75 after its prior day increase of 11%.
- Algorhythm Holdings, Inc. (NASDAQ: RIME) dipped 15.4% to $2.30.
- Quantum Computing Inc. (NASDAQ: QUBT) fell 11.7% to $21.70 following a $750 million fundraise.
- Rich Sparkle Holdings Ltd (NASDAQ: ANPA) decreased by 15% to $22.10 after its prior dips.
- Nordic American Tankers Ltd (NYSE: NAT) fell 7.8% to $3.07.
- Smurfit WestRock PLC (NYSE: SW) decreased by 5.8% to $39.54.
- Mesoblast Ltd (NASDAQ: MESO) shrank by 5.2% to $17.45 despite a prior 8% gain related to a coding approval from Medicare & Medicaid Services.
Conclusion
The significant surge in AMD's shares reflects a growing interest in AI technologies and their implications for the future of computing. As other companies navigate their market strategies, AMD’s collaboration with OpenAI stands as a hopeful prospect in the evolving tech landscape.
Frequently Asked Questions
What led to the increase in AMD's stock price?
The rise is primarily due to a historic partnership with OpenAI to provide GPU power for next-gen AI infrastructure.
What are the plans for the GPU rollout?
A rollout of 1-gigawatt of AMD MI450 GPUs is scheduled for the second half of 2026, with further expansions anticipated.
Which stocks showed the largest gains?
Society Pass Incorporated (SOPA) and Critical Metals Corp. (CRML) were among the top gainers, increasing significantly in pre-market trading.
What trends are seen among losing stocks?
Several stocks experienced significant losses, notably in health and technology sectors, attributed to disappointing news or offerings.
How is the market reacting to AI technologies?
There is a pronounced interest in stocks related to AI advancements, especially those like AMD that are forming key partnerships in the space.
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