AMD secures new partnerships and receives analyst upgrades amid growing demand for AI infrastructure.
1 report, 1 independent
Updated Jul 2
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What happened
AMD secures new partnerships and receives analyst upgrades amid growing demand for AI infrastructure.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Oracle ordered AMD Instinct MI450 accelerators, and OpenAI committed to AMD for compute power.Sub-event
UBS raised AMD price target; Oracle partnered with AMD for AI supercluster.1 source
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The entities involved
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AMD
American multinational semiconductor company
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OpenAI
American artificial intelligence research organization
- Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.
- Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.
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Meta
American technology company
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Oracle
company in Madrid, Spain
Related events
- UBS and Baird are providing price targets for AMD stock, amid the competitive landscape for AI accelerator market share.
- AI companies are driving demand for AMD hardware, while ARK Invest is tactically trimming AMD shares.
- AMD is expanding supply to anchor customers as AI demand drives a shift toward server CPUs and GPUs.
- AMD, Dell Technologies, and Intel are involved in the competitive AI hardware market, with AMD gaining market share against Intel using its CPUs.
- Both AMD and Intel are currently raising capital to fund their expansion into the artificial intelligence sector.