michael eraklis kashioulis @MikesTrades: "Huge move in the chip..."

United Kingdom

Huge move in the chip space today: OpenAI is deepening its relationship with $AMD (Advanced Micro Devices Inc) in a deal that includes buying tens of billions of dollars worth of chips over time and potentially taking a 10% stake in it. It’s a major signal that AMD is being seen as a serious contender in the AI arms race, not just playing second fiddle to $NVDA (NVIDIA Corporation) . Pre-market, AMD is surging over +25% at time if writing, and it’s giving our portfolio a solid lift. We’ve got roughly 2% exposure to AMD, and our positions are now sitting on gains of +90% to over +200% across our entries. It’s great to see this stock finally getting more of the spotlight it deserves. While Nvidia has dominated the AI chip narrative for most of the year, this move puts AMD firmly back on the radar and could mark the start of a broader shift in investor sentiment across the space. $NSDQ100 $TQQQ (ProShares UltraPro QQQ)

Not investment advice. The author may have financial interests in the mentioned instruments.