The consensus among analysts is for AMD to report September quarter revenue of $8.76 billion with adjusted earnings per share of $1.17.

While this deal is important for AMD, what it really signaled was that a leading generative AI company plans on using AMD's hardware. That's a big deal, as AMD's technology has always been seen as a downgrade from Nvidia.

Shares of the chipmaker surged on Monday, putting them on track for their biggest one-day gain in over nine years and adding roughly $80B to its market value.

Advanced Micro Devices' data center growth outlook, MI350/MI400 product impacts, China risks, and valuation vs. Nvidia. Click here to find out why AMD is a Buy.

AMD's data center revenue should generate $4.1 billion in Q3, up from $3.5 billion in the prior year, while the company's client segment, which includes sales of CPUs for laptops and desktops, should see $2.6 billion, up 38% year over year. AMD's gaming division is expected to pull in $1.1 billion, up 139%.

OpenAI partners with semiconductor giant AMD to utilize next-generation graphics processing units for powering AI advancements.

The ChatGPT maker’s new stake in AMD shows how AI’s power players are merging capital, compute, and control into one ecosystem.

Chips aren’t the only star of the massive agreement. AMD’s software efforts have slowly turned it into a more formidable competitor to Nvidia.

Advanced Micro Devices shares rose Tuesday morning after soaring yesterday to a 19-month high on news that the chip designer and ChatGPT maker OpenAI have inked a multi-year supply deal. Monitor these critical chart levels.

AMD has been establishing itself as a much more formidable rival to Nvidia lately, with ChatGPT maker OpenAI planning to be a big customer and potentially even an investor in the company. The two recently announced a deal where OpenAI could end up taking a 10% stake in AMD.