AMD’s stock is rising. Here are two reasons for Wall Street’s optimism.

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Fresh off its monumental deal with OpenAI, Advanced Micro Devices Inc. isn’t letting up as it tries to keep pace with Nvidia Corp. in the booming market for artificial-intelligence chips.

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AMD said on Tuesday that it is counting on Oracle Corp.’s ORCL Oracle Cloud Infrastructure to help it launch the first publicly available supercluster of its next-generation AI chips. The AI supercluster will initially be powered by 50,000 Instinct MI450 series graphics processing units starting in the third quarter of next year, and will also be supported by AMD’s first rack-scale solution, Helios, which can hold 72 chips to work together.

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Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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