The wave of massive contracts in the artificial intelligence sector (AI) and high performance IT (HPC) continues, the latest from Openai, which agreed to buy tens of billions of chips from micro-advanced devices (AMD).
The agreement, according to the Financial timecould also see Openai acquire up to 10% in AMD over time. AMD shares have jumped approximately 30% by currently changing hands at around $ 225.
The chips purchased under this agreement will provide a total computing power capacity of 6 gigawatts (GW). Openai leaders estimate that 1 GW of capacity costs around $ 50 billion to develop, including flea and the necessary support infrastructure, depending on the article.
Consequently, the actions of minors focused on AI and HPC often gather on the back of these large -scale offers and infrastructure accumulations.
During the US Open on Monday: Bitfarms (BitF) won 8%, Iren (Iren) increased by 12%to exchange peaks for all time around $ 56, Hive Digital (Hive) advanced 12%, Cipher Mining (CIFF) climbed 7%, Cleanspark (CLSK) added 5%and Terrawulf (Wulf) 5%.
Galaxy developing in AI / HPC
Galaxy Digital (GLXY) has become a key beneficiary of rapid reassessment in the AI and HPC infrastructure sector, after converting its Helios campus into a large -scale AI / HPC data center.
In August, the company obtained $ 1.4 billion in project financing to modernize the installation and signed a long -term lease with Coreweave (CRWV) covering up to 800 MW of calculation capacity.
Its shares were also higher on 5% on Monday, because the AMD News combined with the launch by the Galaxyone company, a new wealth management platform offering a 4% return on species provided by the FDIC and a seamless automatic investment in crypto and American actions.
GLXY shares are now up 116% for the start of the year.
