AMD is due to post third-quarter results on Tuesday afternoon. The report will put the stock's fiery one-month rally to the test.

AMD also inked a deal to team with Oracle and deploy up to 50,000 GPUs across the cloud company's data centers. AMD is also providing chips to power two Department of Energy super

Advanced Micro Devices ($AMD) saw its stock jump more than 60% in October after the company announced a new deal with OpenAI (PC:OPAIQ). The rally

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.

Q3 earnings Tuesday could show strong data center growth with analysts projecting $8.76B revenue driven by EPYC processors and OpenAI deal.

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.

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.