Investors double down on artificial intelligence optimism as AMD’s new partnership with OpenAI sparks a tech-led surge on Wall Street.
Wall Street kicked off the week with renewed momentum, as optimism around artificial intelligence once again lit up the trading floor. Shares of Advanced Micro Devices (AMD) soared more than 30% in early trading after news of a major partnership with OpenAI, positioning AMD as a critical supplier of advanced chips powering the next generation of AI infrastructure.
The deal signals a deepening collaboration between hardware and AI software leaders — and offers investors a glimpse of where the real growth may lie: not only in applications like ChatGPT, but in the high-performance chips that make them possible. AMD’s rally also lifted the broader semiconductor sector, with Nvidia, Broadcom, and Micron posting gains in sympathy.
Even amid uncertainty from the ongoing federal government shutdown, tech remains Wall Street’s anchor of confidence. Traders appear willing to overlook short-term political noise in favor of long-term innovation plays. “AI isn’t a bubble,” one strategist noted. “It’s a race for infrastructure dominance — and every new deal confirms that.”
Still, analysts caution that the pace of enthusiasm may outstrip fundamentals. With no major economic data releases during the shutdown, price momentum is being driven more by sentiment than by measurable growth indicators.
Between the Lines
Wall Street’s appetite for AI shows no sign of cooling — and AMD’s leap into OpenAI’s supply chain cements the chipmaker as one of the market’s most closely watched power players.
