Investing.com -- Advanced Micro Devices (NASDAQ:AMD) stock rose 2.6% Tuesday morning after the chipmaker announced a partnership with Oracle (NYSE:ORCL) to provide cloud services using AMD’s upcoming MI450 artificial intelligence processors.
The companies revealed plans to initially deploy 50,000 MI450 processors in the third quarter of 2026, with further expansion slated for 2027 and beyond. This agreement gives AMD another significant customer for its upcoming AI chips while allowing Oracle to diversify its processor offerings amid surging demand for AI computing infrastructure.
"Demand for large-scale AI capacity is accelerating as next-generation AI models outgrow the limits of current AI clusters," the companies stated in their announcement.
The Oracle partnership comes just a week after AMD secured a multi-year deal to supply AI chips to OpenAI. That arrangement notably includes an option for the ChatGPT creator to acquire up to approximately 10% stake in AMD.
The developments highlight AMD’s growing footprint in the competitive AI chip market as companies scramble to secure computing capacity for developing and deploying artificial intelligence technologies. Both partnerships represent significant wins for AMD as it works to challenge Nvidia’s dominance in the AI processor space.
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AMD stock rises after Oracle partnership for AI chips
Published 3 weeks ago
Oct 14, 2025 at 12:48 PM
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