Nvidia CEO Jensen Huang has projected that AI infrastructure spending will reach $3 trillion to $4 trillion by the end of the decade. After a slate of multiyear, multi-gigawatt deals between OpenAI with AMD,

On Monday, Amazon’s announcement of a $38 billion agreement for Amazon Web Services to provide infrastructure for OpenAI’s artificial intelligence workloads sent Amazon stock up about 5% to a new all-time high.

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

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.

OpenAI's (OPENAI) deals over the past month with the who's who of tech giants have swollen to hundreds of billions of dollars.

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.

As all eyes turn to the fourth quarter, analysts will be looking for $1.32 in adjusted earnings per share on revenue of $9.2 billion, according to the FactSet consensus. When it comes to graphics processing units for the data center,