AMD Scores Major AI Chip Sale With Oracle
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https://www.investors.com/news/technology/amd-stock-oracle-ai-chip-sale/ Advanced Micro Devices (AMD) on Tuesday scored its second major AI chip sale in as many weeks, announcing a deal with Oracle (ORCL). AMD stock rose on the news. Oracle Cloud Infrastructure will use AMD Instinct graphics processing units, or GPUs, for an artificial intelligence supercluster. It will start with an initial deployment of 50,000 GPUs in third-quarter 2026 and expand in 2027 and beyond. The late 2026 deployment will use AMD Instinct MI450 Series GPUs. The deal continues a long-standing, multigeneration collaboration between AMD and Oracle. That collaboration started with Oracle's use of AMD Instinct MI300X processors in 2024 and extends to Oracle's current use of AMD Instinct MI355X GPUs. "With our AMD Instinct GPUs, Epyc CPUs (central processing units), and advanced AMD Pensando networking, Oracle customers gain powerful new capabilities for training, fine-tuning, and deploying the next generation of AI," Forrest Norrod, executive vice president and general manager for AMD's Data Center Solutions Business Group, said in a news release. Last week, AMD won a contract to supply OpenAI with 6 gigawatts of AMD GPUs over a multiyear, multigeneration period. It will start with 1 gigawatt of AMD Instinct MI450 Series GPUs in the second half of 2026. AMD Stock Is A Recent Breakout On the stock market today, AMD stock rose 0.8% to close at 218.09. On Oct. 6, after the AMD-OpenAI news, AMD stock broke out of a cup base at a buy point of 186.65, according to IBD MarketSurge charts. AMD stock is on the IBD Tech Leaders list, as is Oracle. -- November 5, 2024 - Congratulations President Donald Trump. We look forward to America being great again. We live in a time where intelligent people are being silenced so that stupid people won't be offended. Every day is an IQ test. Some pass, some, not so much. Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama / Biden / Harris fiascos, President Trump. Under Barack Obama's leadership, the United States of America became the The World According To Garp. Obama sold out heterosexuals for Hollywood queer liberal democrat donors.