Major AI Chip Orders from Meta, Microsoft, and OpenAI Confirmed for MI300X and MI350 Series

AMD stock surged after confirmation that major technology companies—including Meta, Microsoft, and OpenAI—have placed significant orders for AMD’s latest MI300X and MI350 AI GPUs. This development reinforces AMD’s position as a credible competitor to Nvidia in the AI data center market, with analysts highlighting the potential for these orders to drive substantial revenue growth. The news follows increased optimism about AMD’s AI chip portfolio and its ability to challenge Nvidia’s dominance, as reflected by heightened investor interest and trading volume.