Oct. 06, 2025 1:52 PM ETAdvanced Micro Devices, Inc. (AMD) Stock, CBRS StockBy: Val Brickates Kennedy, SA News Editor
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Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
OpenAI said it has agreed to a deal with Advanced Micro Devices (NASDAQ:AMD) that could see the ChatGPT developer take a 10% stake in the chipmaker.
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The partnership is expected to deliver significant revenue and be highly accretive to AMD’s non-GAAP EPS, creating significant shareholder value.
The agreement provides massive compute power necessary to scale OpenAI’s operations and launch additional products, aiming to advance OpenAI’s mission.
Cerebras intends to update its financials and strategies due to business improvements, and its commitment to go public remains unchanged; withdrawal is procedural only.
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