Story preview
Continue reading on the publisher site for the full article.
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
5
in the last 3 days
First reported
30 hr. ago
3 outlets since
Countries
4 other outlets reported this story in the last 3 days.
AMD closed 6.36% below its record after a report put OpenAI’s annualized revenue about $20 billion below circulating figures. Management says its AI business is concentrated, and OpenAI’s warrant now hinges mainly on deliveries.
Advanced Micro Devices (NasdaqGS:AMD) came under pressure after OpenAI sharply cut its revenue outlook, triggering a broad AI sell-off. AI hardware suppliers with close ties to OpenAI, including AMD, were among the most heavily traded stocks following the revision. The reset in OpenAI