AMD Stock Rises on AI Chip Demand as Oracle, Meta Partnerships Expand Market Reach
Advanced Micro Devices shares gained in pre-market trading following Oracle's announcement to deploy 50,000 AMD GPUs across its data centers by 2026. The deal reinforces AMD's growing influence in AI hardware, challenging Nvidia's dominance.
At the OCP Global Summit, AMD unveiled its 'Helios' AI platform developed with Meta, targeting faster and more open AI data centers. This follows last week's supply agreement with OpenAI, positioning AMD as a key infrastructure provider for generative AI development.
Cloud providers are increasingly diversifying their AI chip suppliers, with Oracle's Instinct GPU rollout beginning H2 2026. The consecutive partnerships demonstrate accelerating enterprise adoption of AMD's high-performance computing solutions.
