Jefferies analysts stated that the OpenAI deal altered AMD’s “AI narrative” and provided “strong validation” of its AI roadmap and the level of AI demand in general.
White House AI Czar David Sacks and Nvidia’s Jensen Huang reportedly expected the UAE chip-supply agreement to help maintain the U.S.’s AI leadership, keeping China at bay.
The new rule is expected to result in a $110 million reduction in the company’s fourth-quarter revenue and a $600 million decrease in revenue for the next fiscal year (2026).
