Movement Alert|Advanced Micro Devices Rises 3.24% in Regular Trading, OpenAI Reaffirms Multi-Partner Chip Strategy Including AMD as Semiconductor Sector Rallies

Market Focus
Sep 08

On September 8, Advanced Micro Devices rose 3.24% in regular trading, trading at $491.5/share, with turnover of $17.57 billion. The rally was driven by OpenAI announcing plans to deploy its Broadcom co-developed AI chip Jalapeno by year-end, while explicitly confirming it will continue using accelerators from NVIDIA, AMD, and other partners. AMD's role as a key component of OpenAI's diversified chip supply chain drew renewed market attention.

The broader semiconductor sector rallied in tandem, with Intel up 4.98%, Qualcomm up 3.57%, and Broadcom up 1.84%. SEMI's latest data showed global semiconductor equipment sales rose 23% year-over-year in Q2, underscoring sustained expansion in AI compute infrastructure demand. Separately, AMD recently commenced operations of its joint venture with Cisco and Saudi Arabia's HUMAIN, deploying MI355X GPU and EPYC CPU-based AI infrastructure with plans to scale to 250 megawatts by 2027 and 1 gigawatt by 2030. Raymond James also recently upgraded AMD to strong buy with a $641 price target, citing accelerating server CPU market share gains.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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