There’s a new Midas in the stock market, and its name is OpenAI.
Why it matters: The company is becoming a powerful kingmaker in the AI economy as investors heap rewards onto anyone who partners with the ChatGPT creator.
Driving the news: Advanced Micro Devices shares soared 24% Monday after the chip designer announced a deal to deliver the data processing power for 6 gigawatts in computing capacity for OpenAI.