“`html
Key Points
Advanced Micro Devices (NASDAQ: AMD) saw its share prices rise significantly due to a new deal to supply chips for OpenAI, the creator of ChatGPT. This surge occurred ahead of AMD’s third-quarter earnings report, which is scheduled for November 4.
AMD’s valuation has increased, trading at 63 times 2025 earnings estimates, compared to 40 prior to the announcement. The company’s strong position in the AI chip market, particularly with its MI450 Instinct GPUs, is expected to yield a 39% annualized earnings growth, making it a promising long-term investment.
“`
