OpenAI and AMD Fuel Global AI Stock Market Surge

The global stock market remains captivated by artificial intelligence, with OpenAI driving much of the momentum. During its recent developer event, mentions of companies like Figma, HubSpot, and Salesforce triggered immediate stock surges. Even Mattel saw a brief spike after being linked to ChatGPT integration. However, Advanced Micro Devices emerged as the standout winner, with its stock soaring over 20% following a landmark partnership announcement with OpenAI.

AMD's deal grants OpenAI the right to acquire up to 10% of the chipmaker, propelling its market value by more than $60 billion. Analysts highlight a clear trend: any connection to OpenAI or AI momentum can ignite stock movements, regardless of underlying fundamentals.

AMD CEO Lisa Su dismissed skepticism about AI overhype, calling critics shortsighted. The OpenAI partnership will deliver up to 6 gigawatts of GPU power through AMD's upcoming MI450 chips starting in 2026. Su projects tens of billions in revenue and a potential decade-long AI investment supercycle. The strategic stake deepens ties between the companies, with Wall Street cautiously optimistic about the stock warrant structure's potential to further boost AMD's valuation.

While Nvidia remains a formidable competitor, AMD's bold move signals its determination to lead in the AI hardware race. The market's reaction underscores the transformative power of AI alliances in reshaping investor sentiment and valuations.