Francesca Fontana
👤 SpeakerAppearances Over Time
Podcast Appearances
Delta shares gained 4.3% on Thursday, with some other airlines following suit.
For instance, United shares gained 3.3%.
Next, let's check in on the AI boom, shall we?
Who's the winner this week?
Drum roll, please.
It's AMD, aka Advanced Micro Devices, aka a chip maker looking to take on the reigning champion, industry giant, Nvidia.
And AMD certainly notched a win on Monday when it announced a multi-billion dollar computing deal with OpenAI, which makes ChatGPT.
The two are going to be working together on artificial intelligence data centers that run on AMD chips.
OpenAI committed to purchasing six gigawatts of AMD's chips.
And no, sorry, Back to the Future fans, it's apparently pronounced gigawatts, not gigawatts.
And in return, OpenAI will get warrants for up to 160 million AMD shares, roughly 10% of the company, at a cent a share, awarded in phases under certain conditions.
AMD shares jumped 24% on Monday and kept gaining through Wednesday.
And of course, amid Friday's downturn, the stock fell nearly 8%.
But all in all, AMD ended the week in the green, with a gain of roughly 30%.
Now, I'm an analog person.
Sure, I love a lot of things about the digital information age, but on the whole, I was not built for it, right?
I hate texting, I love typewriters, and I love getting mail, handwritten letters hand-delivered to me by a person.
And I never want to watch a film written by or starring some kind of generative AI.
So I needed you guys to know that before I read this opening line that I wrote.
And I'm going to try not to make it sound like a scary movie written just for me.