OpenAI’s Deals With Broadcom and AMD Show How Big AI Market Can Be
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AMD also landed a major order from Oracle Corp. this week, further juicing its shares. Meanwhile, Broadcom unveiled its own agreement with OpenAI on Monday, sending its shares up 10% in a single session, their best performance since April. “OpenAI clearly can’t rely just on Nvidia,” said Eric Clark, portfolio manager of the Rational Dynamic Brands Fund, which has less than $70 million in assets under management, according to data compiled by Bloomberg.
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AMD also landed a major order from Oracle Corp. this week, further juicing its shares. Meanwhile, Broadcom unveiled its own agreement with OpenAI on Monday, sending its shares up 10% in a single session, their best performance since April. “OpenAI clearly can’t rely just on Nvidia,” said Eric Clark, portfolio manager of the Rational Dynamic Brands Fund, which has less than $70 million in assets under management, according to data compiled by Bloomberg.