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Advanced Micro Devices Inc.’s stock hasn’t cooled off in the wake of its OpenAI-fueled rally.
The chip stock
AMD is up 40.8% across these latest three sessions, which would make for its best three-day stretch since a 52.3% run that ended in April 2016, according to Dow Jones Market Data. Most of the gains came Monday, when AMD announced that OpenAI would deploy 6 gigawatts’ worth of the company’s chips while receiving a warrant to buy up to 160 million AMD shares.